________ is an organisation's ability to achieve low costs relative to competitors through productivity and efficiency improvements,elimination of waste,and tight cost control.

Question

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Cost leadership refers to an organisation's ability to achieve low costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control. This strategy allows the organisation to offer products or services at a lower price point than competitors, which can help increase market share and profitability.

________ Is an Organisation's Ability to Achieve Low Costs Relative