Developing a cost competitive advantage can enable a firm to deliver superior customer value.

Question

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Developing a cost competitive advantage means that a firm can produce and deliver its products or services at a lower cost than its competitors. This can enable the firm to offer lower prices to customers or invest in quality, service, or innovation, which can enhance customer value and satisfaction. Therefore, a cost competitive advantage can help a firm to achieve superior customer value, which is a key driver of business success and growth.

Developing a Cost Competitive Advantage Can Enable a Firm to Deliver