The required resources for implementing a cost leadership strategy include which of the following? Multiple Choice Substantial capital investment and access to capital Strong marketing capability Reputation for high ethical standards Effective product engineering and innovative design

Available options are:

A) Substantial capital investment and access to capital

B) Strong marketing capability

C) Reputation for high ethical standards.

D) Effective product engineering and innovative design

A) Substantial capital investment and access to capital

Explanation:

In business strategy, COST LEADERSHIP is establishing a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience (learning curve). ... If so, that company would have a higher than average profitability.

A cost leadership strategy is a company’s plan to become a cost leader in its category or market.

Substantial capital investment and access to capital is a very reliable resources for implementing a cost leadership strategy.

make them bite soap instead of you lol