Focused cost leadership is observed when a product has the lowest cost ________.
A) within an industry segment
B) within the product range offered by a company
C) within an industry
D) within the supply chain of a company

Question

Quizplus · Accepted Answer

Focused cost leadership is a strategy where a company focuses on a specific niche or segment of the market and offers its products or services with the lowest cost in that segment. Therefore, the correct choice is A, where the lowest cost is observed within an industry segment. The other choices do not accurately reflect the concept of focused cost leadership.

Focused Cost Leadership Is Observed When a Product Has the Lowest