Which of the following is the best example of competing on low-cost leadership?
A) A firm produces its product with less chemical waste than its competitors.
B) A firm offers more reliable products than its competitors.
C) A firm's products are introduced into the market faster than its competitors' products.
D) A firm's research and development department generates many ideas for new products.
E) A firm advertises more than its competitors.

Question

Quizplus · Accepted Answer

Competing on low-cost leadership means offering products or services at a lower cost than competitors. Producing products with less chemical waste than competitors allows the firm to save on waste management costs, which can be reflected in lower product prices for consumers.

Which of the Following Is the Best Example of Competing