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Definitions for "Cost Leadership"
Keywords:  cheapest, strategy, competitive, porter, economies
Related Terms: Competitive advantage, Comparative advantage, Productive efficiency, Cost of quality, Target costing, Natural monopoly, Economies of scale, Cost accounting, Economies of scope, Cost centre, Activity based costing, Overhead, Efficient consumer response, Standard cost, Indirect cost, Stranded cost, Dpc, Ordering cost, Direct cost, Cost of sales, Competitive intelligence, Full cost accounting, Market failure, Variable costs, Economic efficiency, Life cycle cost, Lean production, Switching costs, Barriers to entry, Direct costs, Stranded costs, Activity-based costing, Competition, Direct costing, Transition costs, Cost, Social cost, Cost of goods, Overheads, Ecr, Cogs, Competition, Economic order quantity, Co-op, Direct product profitability, Tqc, Market positioning, Total cost of ownership, Absorption costing
A competitive strategy that emphasizes offering the product or service at the cheapest price. This can be done by creating the most efficient manufacturing price, by economies of scale, or by control of suppliers and channels.
bptrends.com
a strategy that aims to create a competitive advantage by producing goods at a lower cost than competitors.
asset-analysis.com
A strategy of producing goods at a lower cost than the competition. This usually requires the business to enjoy higher economies of scale or have some kind of productivity advantage
tutor2u.net
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