A negative aspect of the low-cost leadership strategy is low customer loyalty.

Name: A negative aspect of the low-cost leadership strategy is low customer loyalty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Low-cost leadership strategy is focused on offering products with the lowest prices in the market, which attracts price-sensitive customers. These customers are less likely to be loyal and may switch to competitors if they offer even lower prices. Therefore, low-cost leadership may lead to low customer loyalty.

A Negative Aspect of the Low-Cost Leadership Strategy Is Low