Question

Different companies across different industries adopt any one of the five generic strategies to gain competitive...

Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage. Which of the following is most likely to use a low-cost provider strategy?

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Answer #1

Cost leadership is most likely to use a low-cost provider strategy .Under low cost strategy firm tries to adopt cost saving technique which very difficult for the rival to adopt and product quality is not lowered beyond certain acceptable limit .This strategy is adopted when surviving in the market is important so that profit can be earned in long run .This strategy is adopted to increase market share in terms of customer no of customer .the best example of this is Reliance Jio in India .

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