Which of the following would be the focus of a business aiming to reduce expenses? (A) Changing task design (B) Differentiating its product (C) Establishing cost leadership (D) Developing quality expectations - HSC - SSCE Business Studies - Question 18 - 2015 - Paper 1

A business aiming to reduce expenses should focus on establishing cost leadership. This strategy involves being the lowest-cost producer in the industry, which allows the company to offer competitive pricing while maintaining profitability. By effectively managing and minimizing costs, a business can enhance its overall efficiency and potentially increase its market share.