Question: 13A focused low-cost strategy based on low cost aims atMultiple Choicedominating more market niches in the industry via a lower cost and a lower price

13A focused low-cost strategy based on low cost aims atMultiple Choicedominating more market niches in the industry via a lower cost and a lower price than any other rival.securing a competitive advantage with a product offering carefuly designed to appeal to the unique preferences and needs of a weldefined group of buyers.securing a competitive advantage by serving buyers in the target market niche at a lower cost than those of rival competitors.serving buyers in the target market niche with products carefuly designed to appeal to the unique needs of niche buyers.IIIPrev13 of 21Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!