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Which one of the following is a way to reduce costs and strive to achieve a competitive advantage based on lower overall costs per pair sold than rival companies

Respuesta :

There are 3 techniques for organizing a competitive benefit: value leadership, Differentiation, and focus

To advantage price benefit a firm has to go through 5 evaluation steps:

  • Identify the firm's primary and support activities.
  • Set up the relative importance of every pastime inside the general price of the product.
  • Perceive cost drivers for every interest.
  • Become aware of hyperlinks between activities.
  • Become aware of opportunities for reducing charges.

Retiring enterprise units, products, skills, and tactics that aren't operating out. For instance, an Australian financial institution expands to Asia but finds that it's far a money-dropping assignment 12 months after yr. The choice is made to reduce and run.

Cost reduction is the process of reducing an agency's fees to maximize earnings. It entails figuring out and casting off prices that do not offer an introduced fee to clients at the same time as also optimizing procedures to improve performance.

Learn more about competitive benefit here: https://brainly.com/question/26514848

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