help The major avenues for achieving a cost advantage over rivals incl.pdf
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help The major avenues for achieving a cost advantage over rivals include: revamping the firm's value chain to eliminate or bypass some cost-producing activities and/or out-managing rivals in the efficiency using lower quality supplies that cost less being a first-mover in adopting the latest state-of-the-art technologies, especially those relating to low-cost manufacture outsourcing core high-cost activities to cost-efficient vendors paying lower wages and salaries than rivals.
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