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)cost-leadership strategy
E)vertical strategy

Question

Quizplus · Accepted Answer

A cost-leadership strategy focuses on becoming the lowest-cost producer in the industry, allowing the organization to offer lower prices than competitors and gain a competitive advantage.

Through the Use of a ________,Managers Try to Gain a Competitive