Match each term with the correct statement below.
-a strategy for competing on the basis of cost
A) best-cost
B) differentiation
C) focus
D) cost leadership

Question

Quizplus · Accepted Answer

Cost leadership is a strategy where a company aims to become the lowest-cost producer in its industry. This approach allows the company to offer products or services at a lower price than its competitors, attracting price-sensitive customers.

Match Each Term with the Correct Statement Below