If a company chooses a low-cost production strategy,the company will set itself apart from competitors in terms of
A)Quality
B)Lower selling price
C)Demand
D)High-cost design

Question

Quizplus · Accepted Answer

A low-cost production strategy focuses on minimizing costs, which allows the company to offer lower selling prices than its competitors. This can be a significant factor in attracting price-sensitive customers and setting the company apart in the market. However, this does not necessarily mean that the company has sacrificed quality or design, as there are ways to keep costs low while still delivering a high-quality product or unique design.

If a Company Chooses a Low-Cost Production Strategy,the Company Will