Which of the following is a characteristic associated with a cost leadership strategy?

A) flexible automation
B) stable financial structure
C) unique product qualities
D) new product development

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.

Flexible Automation

A manufacturing system designed to easily adapt to changes in the product being produced, allowing for customization and variability in production processes.

Stable Financial Structure

A financial state where an organization maintains a healthy balance between its liabilities and assets, ensuring long-term sustainability.