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

Question

Quizplus · Accepted Answer

The description of directing resources and attention toward minimizing costs to operate more efficiently than the competition is characteristic of a cost leadership strategy. This approach seeks to achieve a competitive edge by offering lower prices than competitors, which is achieved through keeping costs low.

Businesses Pursuing a __________ Seek a Competitive Advantage by Directing