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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2885 |
Essay's paper body
In order to avoid this strategy trap Theoretical counter arguments suggest a clear focus on the strategy and its prerequisites, ultimately referring to the rigid-ness of company’s practices and action planes.
Following is an overview of scope and prerequisites of these business strategies.
COST LEADERSHIP STRATEGY
While producing products on comparatively low prices as compare to the competitors, Efficiency is at heart of this business strategy...
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Companies having a specific set of resources and target market manage to run their operations in a way that results in lowering down the cost of production across entire value chain. Among two of the back-ups of this business strategy, one is the Cost of Production Theory, according to which total cost of a product consists of variable and fixed cost...
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