Cost leadership
id:
cost-leadership-272-1650913
title:
Cost leadership
text:
In business strategy, cost leadership is establishing a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience.
A cost leadership strategy aims to exploit scale of production, well-defined scope and other economies, producing highly standardized products, using advanced technology.
In recent years, more and more companies have chosen a strategic mix to achieve market leaders
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Cost_leadership
date created:
date modified:
2023-04-20T13:01:04Z
main entity:
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image:
fields total:
13
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13