A company's core cost advantages translate directly to an edge over its competitors based on much more flexibility in its __________________ as well as its ability to translate some of the cost savings to the bottom line.

Question

Quizplus · Accepted Answer

Although firms competing on cost leadership will likely also engage in one of Michael Porter's other competitive strategies (differentiation or focus/niche), their core cost advantages translate directly to an edge over their competitors based on much more flexibility in their pricing strategies as well as their ability to translate some of the cost savings to the bottom line.

A Company's Core Cost Advantages Translate Directly to an Edge