A specific cost position can greatly influence a company's competitiveness. If a company can maintain a lower cost position, it can offer its products or services at a lower price than its competitors, which can attract more customers and increase market share. On the other hand, if a company has a higher cost position, it may need to justify this through superior quality, innovation, or other value-added features. However, it's important to note that a low-cost position isn't always advantageous, as it can lead to lower profit margins if not managed properly.
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