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How does the cost leadership strategy successfully compete? ed on Select one: O a. by developing and maintaining a unique per
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Answer) D)The answer is by providing a niche product/service at the lowest cost possible.Cost leadership is all about having the lowest price of the product or service in the market by advance technology, economies of scale etc. This is done so that saved money can be used to reinvest for growth and expansion or just for increase in profits. The product/service can cater to a niche market.

A unique perception is not required in cost Leadership as its about making the cost down and not about changing perception of the public.

A narrow segment need not be carved because that will be to have specific target market and costs will be ignored.

Cost Leadership is not just about being a low cost producer but proving Products at the lowest cost possible.

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