Question

What an organizations need to make a successful Cost Leadership strategy

Answer 1

Answer:

Companies that are successful in achieving Cost Leadership usually have:

Access to the capital needed to invest in technology that will bring costs down.

Very efficient logistics.

A low-cost base (labor, materials, facilities), and a way of sustainably cutting costs below those of other competitors.

Answer 2

1. Access to the capital needed to invest in technology that will bring costs down.
2. Very efficient logistics.

3. A low-cost base (labor, materials, facilities), and a way of sustainably cutting costs below those of other competitors.

Hope this helps you