Which type of business strategy involves the goal of being the low-cost provider in an industry?
A) Cost leadership
B) Cost focus
C) Differentiation
D) Differentiation focus

Question

Quizplus · Accepted Answer

Cost leadership strategy involves a company aiming to become the lowest-cost producer in its industry. The goal is to offer products or services at the lowest price possible, appealing to a broad customer base.

Which Type of Business Strategy Involves the Goal of Being