James Co produces and distributes auto parts. Its strategy is based on the quality of its processes and materials, which are seen as being superior to those products made by its competitors. Which of the following is true about James Co's strategy?

Question 8 options:

James Co follows a product differentiation strategy.

James Co follows a price differentiation strategy.

James Co is a cost leader and follows a target-profit approach in its pricing.

The high-quality processes allow James Co to execute a cost leadership strategy.