In order to be successful with a low$-$cost leadership strategy, company managers have to

Group of answer choices

pursue backward or forward integration to deter suppliers or buyers with considerable bargaining power and leverage.

develop and market products and services at that absolute lowest possible cost.

outsource the majority of value chain activities to nations that have lower wage rates and fewer regulations.

eliminate wholesale and retail intermediaries and instead sell directly to users of their product or service.

perform value chain activities more cost$-$effectively than rivals and be proactive in revamping the firm's overall value chain to eliminate or bypass "nonessential" cost$-$producing activities.