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Which of the following is least likely to be a low-cost leadership competitive advantage?

a) Economies of scale
b) Efficient supply chain management
c) Premium pricing strategy
d) Cost-effective production processes

User Dthal
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1 Answer

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Final answer:

The least likely option to be a low-cost leadership competitive advantage is a) Premium pricing strategy.

Step-by-step explanation:

The least likely option to be a low-cost leadership competitive advantage is c) Premium pricing strategy.

Low-cost leadership refers to a competitive strategy in which a company aims to have the lowest costs of production and operation in its industry. It focuses on offering products or services at lower prices than its competitors while maintaining a reasonable level of quality.

Options a) Economies of scale, b) Efficient supply chain management, and d) Cost-effective production processes are all examples of factors that can contribute to a low-cost leadership competitive advantage. For example, economies of scale allow a company to benefit from cost savings as it increases its production volume, while efficient supply chain management and cost-effective production processes help minimize expenses and improve overall operational efficiency.

User Mark Tyers
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