Question

Firms that want to grow quickly in the global marketplace often employ the cost leadership strategy becane

Multiple Choice
a. theaters them to employ and benefit from enterprise me systems
b. manufacturers around the world adopt lean manufacturing methods to tiring thes Corts domes
c. there are relatively product variations across differenr countries.
d. this produces favourable customs rates and import duties.

Answer 1

The cost leadership strategy allows firms to employ and benefit from enterprise management systems to grow quickly in the global marketplace.

Step-by-step explanation:

The correct answer is A. Firms that want to grow quickly in the global marketplace often employ the cost leadership strategy because it allows them to employ and benefit from enterprise management systems.

The cost leadership strategy involves producing goods or services at the lowest cost in the industry. This allows the firm to offer competitive prices to attract customers and gain a larger market share. By employing enterprise management systems, such as supply chain management and inventory control software, the firm can streamline its operations and reduce costs.

For example, a firm can use an enterprise management system to optimize its production process and reduce waste. This will lead to lower production costs, allowing the firm to offer its products at a lower price than its competitors. In addition, the firm can use enterprise management systems to track customer preferences and adjust its product offerings accordingly, increasing customer satisfaction and loyalty.