Which of the following is a strategy that emphasizes low cost?

The strategy that emphasizes low cost is centered around offering products or services at the lowest possible price while maintaining a level of quality that meets customer expectations. This approach aims to attract price-sensitive consumers and increase market share by undercutting competitors.

The focus on a low price strategy involves optimizing operational efficiency, reducing production costs, and utilizing economies of scale. Companies following this strategy prioritize cost leadership to enable them to sell their products or services at lower prices than their rivals, which can help to drive volume sales and increase overall profitability.

In contrast, the other strategies such as specialization, variety, and sustainability do not specifically focus on low cost. Specialization involves a narrow focus on a specific area or product line, which may not necessarily lead to lower costs. The variety strategy is about offering a range of products or services to meet diverse customer needs, which can often increase operational complexity and costs. Sustainability emphasizes environmentally friendly practices and may require investment in resources or processes that could lead to higher costs rather than a focus on low pricing strategies.