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

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A cost leadership strategy is focused on minimizing costs to operate more efficiently than the competition, which provides a competitive advantage. This strategy requires the organization to have a strong focus on cost management and operational efficiency, and it is often associated with large-scale production and distribution capabilities.

Businesses Pursuing a ___ Seek a Competitive Advantage by Directing