Question

shaun recommends that the organization do everything it can to lower the organizational costs required to produce widgets while still charging customers the same price for the product. shaun is recommending the strategy. cost cutting cost leadership differentiation niche

Answer 1

Shaun advises the company to take every possible measure to reduce its overhead expenditures. The cost leadership approach is what Shaun advises.

Having the lowest operating costs in your sector gives you a competitive edge. This is called cost leadership. Efficiency of the business, its size, scope, and experience are frequently what determines cost leadership (learning curve). A cost leadership strategy seeks to take expenditures advantage of economies of scale, clearly defined scope, and other economies (such as a good purchasing technique), creating highly standardized goods using cutting-edge technology.

More and more businesses in recent years have opted for a strategic blend to win market leadership. These trends include expenditures concurrent cost leadership, top-notch customer service, and product leadership. Due to its cost leadership strategy, Walmart has been successful all over the world.

Learn more about cost leadership here

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