Question

Walmart relies on a cost leadership strategy and tries to keep all of its expenses as low as possible. The company relies heavily on low-wage employees and is trying to automate as many jobs as possible. These actions clearly relate to _____.

Answer 1

The correct answer is; Cost leadership strategy

Further Explanation:

Cost leadership strategy is used by numerous top companies in the world. They use this strategy so it can increase their profits at the same time as reducing their costs. The prices won't stay the same so they can keep up with the competition. Since the costs are down for each item they can lower the price and still have a good profit.

Walmart relies on this business model and its one of the reasons they are the most profitable big business in the world.

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