Consider the following scenario and answer the questions tha…
Consider the following scenario and answer the questions that follow: Scenario:A new startup, EcoTech, is entering the renewable energy market. They aim to provide cost-effective solar panel installations while maintaining high product quality. EcoTech’s management is deciding between pursuing a cost-leadership strategy or a differentiation strategy. Additionally, they are exploring a business model inspired by the “Freemium” model, where basic installation services are free, but premium maintenance services are chargeable. Based on the cost-leadership strategy, which of the following initiatives would best align with EcoTech’s goals?