Which of the Following Is True About Cost Leadership Strategy

question 35

Multiple Choice

Which of the following is true about cost leadership strategy?

• A) In this strategy, firms seek to make their product or service different from those of competitors.
• B) The key to this strategy is to add value at a cost that produces a superior margin.
• C) Firms using this strategy charge slightly higher than industry-average prices.
• D) One of the ways of achieving cost leadership is by using special technology.

---

Definitions:

Dishonesty

The act of being untruthful or deceptive in intention or action, leading to a breach of trust or integrity.

Consensus

General agreement among a group or the process of reaching such an agreement.

Distinctiveness

The quality of being easily distinguishable from others due to unique attributes or characteristics.

Consistency

The quality of being uniform, stable, and free from contradiction over time.