A technology company redesigns key aspects of its products to better leverage the same components and reduce its manufacturing overheads. The strategy which the company is pursuing is low-cost.
The low cost strategy is considered as a type of pricing strategy in which the technology company offers the products at low price, by deciding to redesign key aspects of its products to better leverage the same components and the reduce the product's manufacturing overheads.
So, this low-cost strategy helps in order to stimulate the demand and gain higher market share. Thus, the firm can then gain cost advantages thus by increasing their efficiency.
Hence, low-cost strategy is the company pursuing.
To learn more about overhead here:
https://brainly.com/question/19130334
#SPJ1
