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Which of the following is the most efficient way to be able to generate more profits using a best - cost strategy? Operate solely online
Which of the following is the most efficient way to be able to generate more profits using a bestcost strategy?
Operate solely online to avoid the overhead costs
Spend more on R&D than marketing in order to create unique products and find solutions to manufacture them at a cheaper price
Spend more on marketing than R&D in order to get more customers and increase sales
Open more physical stores in order to attract customers and build a brand image which will help increase sales
Try to operate on low profit margins and increase them as the firm becomes more reputable
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