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10 cards from this deck
Becoming the lowest-cost producer in the industry
THE lowest-cost producer, not just one of the cheapest
Maintain similar prices OR charge lower prices than competitors
Using business resources as efficiently as possible
High volumes of standardised products with minimal customisation
Systematically reviewing and controlling costs across all areas
Large businesses with economies of scale
Price-conscious customers readily switch to lower-priced competitors
Customers may associate low cost with poor quality
Reduces assembly, packaging, and shipping costs
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