No, that's pretty much it. In comparison, Pizza Hut and Domino's have slightly better pizza, at a higher cost. Little Caesar's discovered that enough people (college students, in my experience) were willing to eat slightly worse quality pizza - that was larger, but at a slightly cheaper price. From memory, Domino's was $12 for a 14" pie, but Little Caesar's was $10 for two 10" pies, that weren't as tasty, but were "good value for the money"
They originally saved money by using a cardboard tray not a box, that had a paper sleeve over it to keep the pizza sanitary. They could get two pies in there for what it cost the bigger chains to deliver one.