Asked by Nicolette keatia on Jul 04, 2024
Verified
Which of the following is true of the cost-leadership strategy?
A) Competitors can easily enter the field.
B) Profits can be maintained at a constant level in the long-run.
C) Brand loyalty becomes more intense.
D) Advertisement costs will decrease.
Cost-Leadership Strategy
A business approach aimed at becoming the lowest-cost producer in its industry.
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over competing ones due to satisfaction, trust, or emotional connection.
Advertisement Costs
The expenses incurred in promoting a product, service, or brand through various media channels like TV, radio, online, and print.
- Grasp the concept of several business tactics such as cost-leadership, niche strategies, and differentiation for competitive edge.
Verified Answer
Learning Objectives
- Grasp the concept of several business tactics such as cost-leadership, niche strategies, and differentiation for competitive edge.
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