If a company chooses a low-cost production strategy, the company will set itself apart from competitors in terms of
A)quality.
B)lower selling price.
C)demand.
D)high-cost design.

Question

Quizplus · Accepted Answer

A low-cost production strategy focuses on minimizing costs to be able to offer products at a lower selling price than competitors. This can create a competitive advantage in terms of pricing, but not necessarily in terms of quality or design.

If a Company Chooses a Low-Cost Production Strategy, the Company