Whereas ________ are often associated with a low-cost leader strategy,________ are frequently an important aspect of a differentiation strategy.

Question

Quizplus · Accepted Answer

Process innovations are often associated with overall cost leader strategies because the aim of many process improvements is to lower the costs of operations. Product innovations are commonly associated with a differentiation strategy. Firms that differentiate by providing customers with new products or services that offer unique features or quality enhancements often engage in product innovation.

Whereas ________ Are Often Associated with a Low-Cost Leader Strategy,________

Whereas Are Often Associated with a Low-Cost Leader Strategy,