Question

McDonalds is known for selling quality products for low prices. This is an example of a...

McDonalds is known for selling quality products for low prices. This is an example of a successful _____business strategy.
A vertical intergration
B differentiation
C cost leadership
D niche
0 0
Add a comment Improve this question Transcribed image text
Answer #1

C cost leadership

Cost leadership strategy means prodcuse the product at lowest cost than the rivals. McDonalds does the same. So cost leadership is the correct option.

Pl rate if it helped. Thanks

Add a comment
Know the answer?
Add Answer to:
McDonalds is known for selling quality products for low prices. This is an example of a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Firms that charge relatively low prices and offer substantial differentiation are following a best-cost strategy. A...

    Firms that charge relatively low prices and offer substantial differentiation are following a best-cost strategy. A best cost strategy can be an effective level strategy to the extent that a firm whose fixed costs and overhead are very low relative to the competition. What is an example of an industry where you think a best-cost strategy could be successful? How would you differentiate a company to achieve this success in this industry? Provide an example of a firm in Jacksonville...

  • Southwest Airlines focuses on low prices, transparency and customer service. The company also appeals to many...

    Southwest Airlines focuses on low prices, transparency and customer service. The company also appeals to many different customers. What strategy is the company employing? Select one: A. Focused Differentiation Strategy B. Focused Low-Cost Strategy C. Marginal-Cost Strategy D. Broad Low-Cost Strategy E. Broad Differentiation Strategy

  • QUESTION 8 Cost leadership is a strategy in which a firm outperforms competitors in producing products...

    QUESTION 8 Cost leadership is a strategy in which a firm outperforms competitors in producing products or services by Producing a new or innovative product or service Producing the highest quality product or service Producing a product or service at or among the lowest cost Producing inferior products or services that can be bought on the cheap QUESTION 9 The differentiation strategy is implemented by creating a perception among consumers that the product or service is unique in some important...

  • Company A has always pursued a strategy of product differentiation, that is, providing high- quality products and extrac...

    Company A has always pursued a strategy of product differentiation, that is, providing high- quality products and extracting a price premium from the market. During the recent economic downturn, company A has seen its customer base diminish and has decided to move strategically to a cost leadership strategy that is, to try to sell more products at a lower price. a) What are the implications of this strategy change for the HR management and payroll process? b) What changes would...

  • QUESTION 3 These are the six generic competitive strategies: low cost leadership; broad differentiation; target market...

    QUESTION 3 These are the six generic competitive strategies: low cost leadership; broad differentiation; target market approach focus/niche based on lower cost; focus/niche based on differentiation; focusiniche based on target marketing. a. TRUE b. FALSE QUESTION 4 Which of the following culture changing strategies is correctly matched with the type of strategy (substantive/ symbolic) a, elimination of executive perks - a substantive culture changing action b. bringing in new blood, replacing old-culture tradionalist managers - a substantive culture-changing action c....

  • 11. Which of the following is not an input into the monitoring activities relating to production?...

    11. Which of the following is not an input into the monitoring activities relating to production? a. Actual production rate b. Actual output c. Anticipated production rate d. Anticipation manufacturing capacity 12. A company that wants to be successful needs to a. know what it wants to accomplish. b. know how to increase market share. c. maintain a high gross profit rate. d. involve upper level managers in daily operations 13. In monitoring product differentiation strategy and low-cost production strategy,...

  • can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! can anyone ple...

    can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! is a business strategy whereby firms attempt to gain a competitive advantage 41) by increasing the perceived value of their products or services relative to the perceived value of other firms' products or services A) Product differentiation B) Related diversification C) Cost leadership D) Best-cost provider 42) By increasing the...

  • 1)Overall Low-Cost Provider Strategy A) Walmart B)Target C) Suave brand anti-dandruff shamp D)Mercedes benz carvo vand...

    1)Overall Low-Cost Provider Strategy A) Walmart B)Target C) Suave brand anti-dandruff shamp D)Mercedes benz carvo vand F) Apple Electronic products 2)Focused Low-Cost Provider Strategy A) Walmart B)Target C) Suave brand anti-dandruff shamp D)Mercedes benz carvo vand F) Apple Electronic products 3)Broad Differentiation Strategy A) Walmart B)Target C) Suave brand anti-dandruff shamp D)Mercedes benz carvo vand F) Apple Electronic products 4)Focused Differentiation Strategy A) Walmart B)Target C) Suave brand anti-dandruff shamp D)Mercedes benz carvo vand F) Apple Electronic products 5)Best-Cost Provider...

  • what is the in market share due to reduction in selling price Sunway Corporation is a...

    what is the in market share due to reduction in selling price Sunway Corporation is a small information systems consulting firm that specializes in helping companies implement sales management software. The market for Sunway's products is very competitive. To compete, Sunway must deliver quality service at a low cost Sunway bills clients in terms of units of work performed which depends on the size and complexity of the sales management system. Sunway presents the following data for the years 2018...

  • 1. It stands to reason that the greater the consumer’s ___________, the better he or she...

    1. It stands to reason that the greater the consumer’s ___________, the better he or she feels about the deal at the time of purchase. a. producer surplus b. consumer surplus c. price d. value e. economic value created 2. Rolls Royce makes a car that is considered by many to be the height of luxury. Its $400K price tag suggests that the company is using a ____________________ competitive strategy. a. first mover b. broad differentiation c. Overall cost leadership...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT