Difference between revisions of "Cost Leadership"
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| − | ''' | + | '''Cost Leadership''' is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.<ref>Defining Cost Leadership [https://economictimes.indiatimes.com/definition/cost-leadership Economic Times]</ref> |
Revision as of 22:02, 8 February 2021
Cost Leadership is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.[1]
- ↑ Defining Cost Leadership Economic Times