One of the benefits of having a cost advantage is that it serves as barrier to entry.

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Having a cost advantage means that a company is able to produce goods or services at a lower cost than its competitors. This can serve as a barrier to entry for new competitors because they may not be able to match the lower costs and compete effectively in the marketplace. Therefore, having a cost advantage can be a strategic advantage for a company.

One of the Benefits of Having a Cost Advantage Is