Historically, it has been difficult for a new venture to use a cost leadership strategy.

Name: Historically, it has been difficult for a new venture to use a cost leadership strategy.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

A cost leadership strategy involves achieving a lower cost of production than competitors, which can be difficult for a new venture due to lack of economies of scale and established supplier relationships. As a result, it may be more feasible for a new venture to focus on differentiation or niche strategies.

Historically, It Has Been Difficult for a New Venture to Use