Core Concept of effectiveness of low-cost provider strategy

Question

Explain Core Concept of the effectiveness of low-cost provider strategies.

Answer 1

For greatest effectiveness, companies utilizing a low-cost provider strategy require to achieve their cost benefit in ways hard for rivals to match or copy.

Core Concept:

A low-cost leader’s base for competitive benefit is lower whole costs than competitors. Winning low-cost leaders are exceptionally excellent at finding ways to drive costs out of their businesses.