Difference between revisions of "Cost leadership"
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Revision as of 11:43, 10 July 2020
Cost leadership is organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Cost leadership. Organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
