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Sagot :
Firms seeking to compete on the basis of cost leadership particularly need support from the manufacturing and process R&D functions.
Cost leadership is a term used whilst a company tasks itself as the most inexpensive manufacturer or issuer of a selected product or commodity in opposition. it's miles tough to install the method due to the fact the management has to constantly paint on reducing cost at each stage to remain competitive.
A corporation pursuing a price management method aims to set up a competitive advantage by using attaining the lowest operational fees in their quarter.
A centered cost leadership strategy calls for competing based totally on rate to the goal of a slim market. A company that follows this strategy does now not always rate the lowest prices within the enterprise. instead, it expenses low costs relative to different companies that compete inside the goal marketplace.
Learn more about cost leadership here https://brainly.com/question/14395542
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