Production Cost Advantage

A source of competitive advantage that depends on producing some product or service at the lowest cost.

Production Cost Advantage

The ability for an economic actor to produce a good or service at a lower cost. For example, if a company produces 100 widgets for $50 and a second company produces 100 widgets for $25, the second company has a production cost advantage in the production of widgets. See also: comparative advantage, absolute advantage.

单词	production cost advantage
释义	Production Cost Advantage Production Cost Advantage A source of competitive advantage that depends on producing some product or service at the lowest cost. Production Cost Advantage The ability for an economic actor to produce a good or service at a lower cost. For example, if a company produces 100 widgets for $50 and a second company produces 100 widgets for $25, the second company has a production cost advantage in the production of widgets. See also: comparative advantage, absolute advantage.
随便看	wolf whistles wolf-whistles wolf-whistling wolf willow wolf-wolfer number wolf w zuelzer wolf’s bane wolgemut, michael wolhynia fever woli wolin wolinella wolinsky amnesia information test wolk wolkenstein in gröden wolkenstein-sëlva gherdëina-selva di val gardena wolker, jiri woll wollaston wollaston doublet wollaston ellipse wollastonite wollaston, john wollaston lake wollaston polarizer