Asked by Shubhansh Singh on May 12, 2024
Verified
Which of the following has the strategy "I can sell at a lower price than you can"?
A) Cost leader
B) Customer oriented
C) Differentiation
D) Innovation
E) Operational effectiveness
Cost Leader
A company that gains a competitive advantage by offering its products or services at a lower price than its competitors without sacrificing quality.
- Learn the basic methods organizations can implement to achieve a competitive advantage.
Verified Answer
SC
socrate criticsMay 14, 2024
Final Answer :
A
Explanation :
A cost leader strategy focuses on gaining competitive advantage by having the lowest cost of operation in the industry, which allows a company to sell its products at a lower price than its competitors while still maintaining profitability.
Learning Objectives
- Learn the basic methods organizations can implement to achieve a competitive advantage.
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