Business success built on cost leadership requires the business to be able to provide its product or service at a cost _____ what its competitors can achieve.

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Cost leadership strategy requires a business to be able to provide its product or service at a cost below what its competitors can achieve. This allows the business to offer its products at a lower price than its competitors, which attracts price-sensitive customers and gives the business a competitive advantage.

Business Success Built on Cost Leadership Requires the Business to Be