Competitive advantage cost drivers

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 · Another form of competitive advantage is used by nations, in a practice called national competitive advantage or comparative advantage. For example, China uses cost leadership by exporting low-cost products at a reasonable quality level. China can do this because its standard of living is lower, meaning it can pay its workers www.doorway.ru: Kimberly Amadeo. In the book Competitive Advantage, there are several chapters on using value chain analysis [1]. Michael Porter argues that there are only two types of competitive advantage. Differentiation; Cost leadership; As its name might imply, cost leadership allows a competitive edge by manipulating production www.doorway.ruted Reading Time: 4 mins.  · Differential: This advantage means you offer products with a more unique benefit than the competition, such as better quality or quicker service. Cost-leading: This advantage involves the production of goods or services equal to competitors but offered at lower prices. Market-focused: This advantage targets pre-defined markets instead of one large market to reach a specific demographic.

In the cost leadership competitive advantage strategy, the goal is to become the lowest-cost or most efficient producer. The traditional way to produce low-cost products or services is to be large-scale supplier. Competitive Strategies Differentiation Focus Cost Focus Narrow Target Differentiation Cost Leadership Broad Target Competitive Scope Differentiation Lower Cost Competitive Advantage The cost driver is that variable or factor which has an effect and causes the relationship with the total cost. This is the cause, and the cost incurred is the effect of it. Its analysis means identifying all the possible cost drivers for a particular type of activity or cost etc. and explains their cause and effect relationship with the event.

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