A company pursuing a cost-leadership strategy strives to be the lowest-cost producer relative to its competitors in the industry.

Name: A company pursuing a cost-leadership strategy strives to be the lowest-cost producer relative to its competitors in the industry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. A company pursuing a cost-leadership strategy aims to have the lowest cost of production in order to offer products or services at a lower price than competitors, ultimately gaining market share.

A Company Pursuing a Cost-Leadership Strategy Strives to Be the Lowest-Cost