Answer:
Lower cost
Explanation:
An overall low cost position enables a company to earn profits when faced with competitors or rivals. A company that reduces the cost of sales for product will always sell at a higher level of profit per sale than its competitors. Low cost is a market strategy where the company with the lowest cost in the market comes out as the winner. What reducing cost does is that, it increases demand and higher market share for the organization reducing cost as a result. When this strategy is used, it is important to not that the organisation doesnt reduce or lower the quality of the product.
Answer:
The correct answer is Lower costs.
Explanation:
Having a low cost position, the company obtains higher than average returns in an industrial sector. A low-cost position defends the company as well as powerful buyers and suppliers, giving more flexibility to cope with increased cost of inputs. Finally, a low cost position usually puts the company in a favorable position in relation to its competitors in the industrial sector against potential substitutes.
Reaching a low cost general position usually requires:
