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What is a cost leadership strategy?

Asked 2 years ago

Can someone please give me an example of a cost leadership strategy and explain its impact on a business?

Jolina Regin

Saturday, January 15, 2022

A cost leadership strategy is a strategy used by businesses to reduce costs and produce the least expensive products to become a cost leader in the market. It causes an increase in market share for the business, flexibility, and ability to withstand recession.

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