Through the use of a , managers try to gain a competitive advantage by driving the organization's costs down below the cost of its rivals.
A)related diversification strategy
B)formulation strategy
C)differentiation strategy
D)vertical strategy
E)cost-leadership strategy

Question

Quizplus · Accepted Answer

The cost-leadership strategy aims to gain a competitive advantage by driving down an organization's costs below the costs of its rivals. This can be achieved through various means such as economies of scale, efficient supply chain management, and technological innovations. The other options mentioned in the question either do not refer to cost reduction as a primary goal or are not relevant to gaining a cost advantage over rivals.

Through the Use of a , Managers Try to Gain