Question

Becoming a low cost producer of products and services in an industry is an example of

Answer 1

I cant understand the question

Answer 2

The answer is Low Cost Leadership Strategy or Cost Leadership Strategy.

Becoming a low cost producer of products and services in an industry is an example of Low Cost Leadership Strategy.It is a competitive strategy by which a firm provides same benefits as of competitors at low cost. It introduces innovative techniques, minimizes and control overheads and provide standard services.