114k views
1 vote
Firms pursuing a __________ strategy strive to be the lowest cost producer in an industry for a particular level of product quality.

1 Answer

3 votes

Answer: B)cost leadership

Step-by-step explanation:

Firms that pursue a Cost Leadership strategy aim to employ practices and standards that will enable them to produce so efficiently that they have the lowest cost in the industry for a particular level of product quality.

This will translate to them being able to offer their goods at a lower price than the competition thereby increasing their profitability and enabling them capture market share.

User Keozon
by
8.1k points

Related questions

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.