When an organization focuses on making itself more competitive by producing products more cheaply than competitors can,it is following a ________.
A)stability strategy
B)differentiation strategy
C)focus strategy
D)cost leadership strategy
E)divestiture strategy

Question

Quizplus · Accepted Answer

A cost leadership strategy is aimed at becoming the lowest-cost producer in the industry, allowing the organization to price its products lower than competitors or achieve higher margins.

When an Organization Focuses on Making Itself More Competitive by Producing