Which of the following will a company that is pursuing a low-cost leadership strategy most likely use for creating its product?
A) implement handcrafted artisanship
B) manufacture in large production batches
C) manufacture components in-house
D) customize products for each customer

Question

Quizplus · Accepted Answer

A company pursuing a low-cost leadership strategy aims to produce products more efficiently and with lower costs than its competitors. Manufacturing products in large production batches is one of the ways to achieve economies of scale, reduce costs and offer lower prices to customers. Handcrafted artisanship (option A) is expensive and not scalable. Manufacturing components in-house (option C) can be costly, and customizing products for each customer (option D) adds complexity and costs to the manufacturing process.

Which of the Following Will a Company That Is Pursuing