Organisations pursuing a(n) __________ seek a competitive advantage by directing the organisation's resources and attention towards minimising costs to operate more efficiently than the competition.

A) differentiation strategy
B) emergent supply cost strategy
C) focused cost leadership strategy
D) cost leadership strategy
E) focused differentiation strategy

Cost Leadership Strategy

A business approach aiming to become the lowest-cost producer in the industry, often by achieving economies of scale.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors.

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.