To reduce the cost to deliver a product or service to consumers, a company must focus on

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Operational efficiency refers to how efficiently a company uses its resources to produce products or services. By improving operational efficiency, a company can reduce costs and deliver products and services to consumers at a lower cost. Location, sales mix, and competition are also important factors, but they may not have as direct of an impact on cost reduction as operational efficiency does.

To Reduce the Cost to Deliver a Product or Service