Question: This is a Multiple Answer type of question. So , please choose ALL the options that you think are true for a Low - Cost

This is a Multiple Answer type of question. So

,

please choose ALL the options that you think are true for a Low

-

Cost Leadership Strategy:

Encourages risk

-

taking and innovation

The main source of profit for the firm is through high volume of production and sale of the product that is produced at a very low cost as compared to that of the competitors

This strategy focuses on using efficient facilities or tools, cost reduction, and tight process control

Main focus is on differentiating the unique features and design of the firm's product from competitors' products

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