A cost leader is the firm most likely to survive a price war.
Answer the following statement true (T) or false (F)
True
A cost-leadership strategy is defined by obtaining the lowest-cost position in the industry while offering acceptable value. The cost leader, therefore, is protected from other competitors because of having the lowest cost. If a price war ensues, the low-cost leader will be the last firm standing; all other firms will be driven out as margins evaporate.
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Michael runs a research and development department. He gets a lot out of his employees by setting lofty goals and expressing his belief that each of them is capable of doing his or her part. He expects their best work. According to revised path-goal theory, Michael is using a(n) ______ leadership style.
A. representation and networking B. interaction facilitation C. supportive D. achievement-oriented E. work facilitation
Theresa has just started working as a teller for First Bank. A man comes into the bank with a $100 check that is eight months old. She goes to the manager to ask whether she should pay it. If you were the manager, what would you advise her? Explain
The Path-Goal theory suggests that the role of the leader is to clear paths for followers allowing them to:
a. fulfill their needs and reach goals b. function without their leader when necessary c. build a cohesive team d. have time to address interpersonal conflicts
In a typical organization, _____ decisions are often used in capital acquisition analysis and computer configuration
Fill in the blank(s) with correct word