A strategy in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry is called ________.
A) differentiation
B) stability
C) low-cost leadership
D) retrenchment

Question

Quizplus · Accepted Answer

A low-cost leadership strategy focuses on minimizing costs through various means such as economies of scale, efficient supply chain management, and technology. This allows the company to offer products or services at lower prices than its competitors, which can translate into higher market share and profitability. This strategy is often used by companies in highly competitive industries where customers are price-sensitive.

A Strategy in Which a Company Exploits Economies of Scale