The low-cost strategy is based on locating and taking advantage of opportunities for an organization to seek cost-based advantages in all of its activities.

Low-Cost Strategy

A competitive strategy where a company offers products or services at a lower price than competitors, focusing on efficiency and cost minimization.

Cost-Based Advantages

Competitive benefits derived from being able to operate at a lower cost compared to competitors, allowing for better pricing strategies or profit margins.

Activities

Tasks or actions that are carried out as part of a process or to achieve an objective.