Cost Leadership Strategy: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which theory describes lowering operating costs so that a company can offer lower prices and gain a competitive edge?

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1. Which of the following is NOT a way Walmart has lowered its operating costs?

2. Which one could NOT be an advantage to a company using cost leadership theory?

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About This Quiz & Worksheet

If you would like to check your understanding of cost leadership strategy and some examples of it, use the worksheet and quiz. You need to know what this theory states and its benefits in order to pass the quiz.

Quiz & Worksheet Goals

The goal of these materials is to check your knowledge of:

  • A drawback of the cost leadership theory
  • Advantages of using cost leadership theory
  • The theory that describes lowering operating costs so that a company can offer lower prices to gain an edge
  • Ways Walmart lowered their operation costs

Skills Practiced

  • Information recall - access the knowledge you have gained about a con of the cost leadership theory
  • Reading comprehension - ensure that you draw the most important details from the lesson on cost leadership strategy
  • Making connections - use understanding of the concept of the cost leadership strategy to identify some of its benefits

Additional Learning

Learn more using the lesson called Cost Leadership Strategy: Definition & Examples. Thanks to this lesson, you can analyze more about:

  • Being a cost leader
  • Examples of the cost leadership strategy
  • Lowering operating costs
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