Organizations pursuing a cost leadership strategy seek a competitive advantage by directing the organization's resources and attention toward minimizing costs to operate more efficiently than the competition.

Name: Organizations pursuing a cost leadership strategy seek a competitive advantage by directing the organization's resources and attention toward minimizing costs to operate more efficiently than the competition.
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Question

Quizplus · Accepted Answer

This is the definition of a cost leadership strategy.

Organizations Pursuing a Cost Leadership Strategy Seek a Competitive Advantage