Business Studies, asked by Hansika580, 11 months ago

How is cost leadership helpful in determining the success of a business organizatipn?

Answers

Answered by thunderstrom28
0
a business organizations success cannot be founded without a leadership of a bright mind. a determined and intelligent leader will try his best to build the organization rather than destroying. he would want the company to become stronger each minute and have a great resistance. the leader cannot be a person at a high position, it can be a person with moral and wit. therefore, a good leader can make up a strong company just like a fighting Fort. for example, Apple company, Alibaba etc
hopes this helps u!
Answered by mindfulmaisel
0

The cost leadership strategies help in gaining a competitive advantage in the industry in terms of cost, lowering prices and increasing their market share in the economy. The companies can gain cost leadership by taking advantage of lowering the prices of goods or by the method keeping the prices constant for improving on their revenues.      

Explanation:

  • The organizations adopt many kinds of measures for improving their profits.
  • This is done by lowering the prices of goods and increasing their level of profits by reducing the costs.  
  • It requires having an efficient and effective supply chain and logistics for the company. They should have good marketing strategies.

Learn more about cost leadership

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