An organization pursuing a(n) ________ tightly controls costs, refrains from incurring unnecessary expenses, and cuts prices in selling a basic product.
A) simple structure
B) imitation strategy
C) innovation strategy
D) cost-minimization strategy
E) matrix structure

Question

Quizplus · Accepted Answer

The description in the question refers to a cost-minimization strategy where the focus is on tightly controlling costs, avoiding unnecessary expenses, and offering a basic product at lower prices than competitors.

An Organization Pursuing A(n) ________ Tightly Controls Costs, Refrains from Incurring