A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in order to compete with lower priced competitors.

The correct answer to the following question will be "Cost leadership strategy".

Explanation:

In the corporate strategy, cost leadership provides a strategic advantage of having the cheapest operating costs in the market.

Cost management is sometimes driven by market performance, cost, volume, complexity, and collective experience.

Summary of Advantages of Cost Leadership, such as:

This makes better income for the boss and the organization. This can increase the market share of the company. Improves the survival of the company. It generates more resources that could be used for production.

Therefore, this will be the right answer.