Which of the following would you not associate with a low price strategy?
A) Employing cheaper resources
B) Producing 'no frills' products and services
C) An industry leading brand
D) Reducing labour costs and increasing labour productivity.
E) Copying designs to save R&D costs

Question

Quizplus · Accepted Answer

A low price strategy typically involves reducing costs, such as using cheaper resources, producing basic products, cutting labor costs, and saving on R&D by copying designs. An industry-leading brand is usually associated with higher quality and premium pricing, not a low price strategy.

Which of the Following Would You Not Associate with a Low