It is possible to use a low-price competitive advantage even if you are not the industry leader,or do not have the greatest cumulative experience.

Question

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Even if a company is not the industry leader or does not have the greatest cumulative experience, it can still compete on price and use it as a competitive advantage. By offering products or services at a lower price point, a company may attract customers who are price-sensitive or looking for a bargain, helping them gain market share and increase revenue.

It Is Possible to Use a Low-Price Competitive Advantage Even