One of the competitive dimensions that form the competitive position of a company when planning its strategies is cost.

Question

Quizplus · Accepted Answer

Cost is indeed one of the competitive dimensions that form the competitive position of a company. A company that can offer products or services at a lower cost than its competitors can gain a competitive advantage in the market. This can be achieved through various methods such as improving operational efficiency or sourcing materials at a lower cost. Therefore, cost is an important factor that companies need to consider when planning their strategies.

One of the Competitive Dimensions That Form the Competitive Position