Which of the following is a key attribute of the low-cost leadership strategy?
A) providing unique add-ons to supplement the products or services
B) focusing on a specific market segment
C) optimizing the value chain by eliminating unwanted costs
D) offering products and services with superior qualities

Question

Quizplus · Accepted Answer

The key attribute of the low-cost leadership strategy is optimization of the value chain to eliminate unwanted costs. This allows for a lower cost structure than competitors, which can be passed on to customers through lower prices. Providing unique add-ons (A) or offering superior products (D) may increase costs and reduce the cost advantage. Focusing on a specific market segment (B) is not unique to the low-cost strategy and can be applied to other strategies as well.

Which of the Following Is a Key Attribute of the Low-Cost