Asked by Iqbal Qayum on Jun 26, 2024
Verified
Which of the following is a characteristic associated with a cost leadership strategy?
A) flexible automation
B) stable financial structure
C) unique product qualities
D) new product development
Cost Leadership Strategy
A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.
Flexible Automation
A manufacturing system designed to easily adapt to changes in the product being produced, allowing for customization and variability in production processes.
Stable Financial Structure
A financial state where an organization maintains a healthy balance between its liabilities and assets, ensuring long-term sustainability.
- Discern the qualities and organizational impacts associated with differentiation and cost leadership strategies.
Verified Answer
Learning Objectives
- Discern the qualities and organizational impacts associated with differentiation and cost leadership strategies.
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