A cost leadership competitive strategy focuses on which of the following?
A)Innovation
B)Luxury
C)Elegant design
D)Lowest prices

Question

Quizplus · Accepted Answer

A cost leadership strategy aims to have the lowest prices in the market. This can be achieved through efficient processes, economies of scale, and other cost-cutting measures. Innovation, luxury, and elegant design are not a focus of this strategy.

A Cost Leadership Competitive Strategy Focuses on Which of the Following