What is a cost leadership strategy?
Asked 2 years ago
Can someone please give me an example of a cost leadership strategy and explain its impact on a business?
Jolina Regin
Saturday, January 15, 2022
A cost leadership strategy is a strategy used by businesses to reduce costs and produce the least expensive products to become a cost leader in the market. It causes an increase in market share for the business, flexibility, and ability to withstand recession.
Please follow our Community Guidelines