Question

Chelsea Milling Company makes Jiffy packaged baking mixes. It was established in 1930. It has never spent one cent on advertising, which is one reason it is able to pursue a(n) __________ strategy

Answer 1

cost leadership is the correct answer

Step-by-step explanation:

Cost leadership strategy is a process of achieving competitive benefits by having the cheapest price of manufacturing and lowering the operation costs within their industry.

They find different ways to reduce the price present in their market so that they can supply the goods and services at cheaper costs than their competitors.