Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.

Name: Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Managers pursuing a focused low-cost strategy serve one or a few segments of the overall market and aim to make their organization the lowest-cost company serving that segment.

Focused Low-Cost Strategy Serves a Major Segment of the Overall