Is the company’s price and cost competitive

Question

Is the company’s price and cost competitive?

Answer 1

1. One of the most telling symbols of whether a company’s business point is strong or precarious is whether its costs and prices are competitive with industry rivals.

2. Cost-price comparisons are especially serious in a commodity-product industry where the value offered to buyers is the same from seller to seller, price competition is normally the rule force and the lower-cost companies have the upper hand.