Crucial to the successful use of _______________is the process of innovation which involves new methods of production and distribution methods and techniques that allows efficient operations.Select one:a.focused cost leadershipb.differentiationc.cost leadership strategyd.integrated cost leadership differentiation
Question
Crucial to the successful use of _______________is the process of innovation which involves new methods of production and distribution methods and techniques that allows efficient operations.Select one:a.focused cost leadershipb.differentiationc.cost leadership strategyd.integrated cost leadership differentiation
Solution
The correct answer is c. cost leadership strategy. This strategy involves the process of innovation to develop new methods of production and distribution. These new methods and techniques allow for more efficient operations, which can lower costs and give a company a competitive advantage.
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