Answer the following questions using the information below:
Riter Corporation manufactures water toys. It plans to grow by producing high-quality water toys at a low cost that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Riter believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy.
-Riter's strategy is:
A)product differentiation
B)downsizing
C)reengineering
D)cost leadership

Question

Quizplus · Accepted Answer

Riter Corporation's strategy is to produce high-quality water toys at a low cost and deliver them in a timely manner. This indicates a focus on cost leadership, which involves offering products or services at a lower cost than competitors while maintaining acceptable quality. Additionally, Riter emphasizes continuously improving its manufacturing processes, which is a common component of cost leadership strategies.

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