Strategic evaluation | Business & Finance homework help
I believe that this strategy is one of the most important strategies for the long-term success of the firm because it gives them a competitive edge by being able to offer excellent customer experiences and value for money. Additionally, it can help build brand loyalty among customers, as well as attract new customers who may be drawn towards cheaper options over more expensive ones. Furthermore, cost leadership allows companies to maximize profits by having a larger customer base that is willing to purchase its products and services without sacrificing too much margin on profit margins.
Overall, I think that the decision of using cost leadership as the business-level strategy was a good choice for this particular corporation because it lets them be competitive in an ever-changing market while still providing excellent customer experiences and value for money. Furthermore, it can open up opportunities for further expansion into new markets if done properly.