What Are the Methods of Maintaining a Low-Cost Position

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The Answer is Moving down the experience curve is the most commonly discussed method of achieving and sustaining a low-cost position in an industry.Some other means for obtaining a sustainable cost advantage include producing a no-frills product,creating an innovative product design,finding cheaper raw materials,automating or outsourcing production,developing low-cost distribution channels,and reducing overhead.

What Are the Methods of Maintaining a Low-Cost Position

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