With which of the following business strategies do large companies that try to take advantage of economies of scale in production often succeed?
A)low-cost
B)differentiation
C)niche
D)customer intimacy
E)functional

Question

Quizplus · Accepted Answer

The low-cost business strategy is focused on achieving economies of scale in production in order to offer products or services at a lower price than competitors. Large companies are often better equipped to achieve these economies of scale and compete on price.

With Which of the Following Business Strategies Do Large Companies