Cost leadership: When a company sells cheap and makes money

🚀 Sign up for Our Complete Finance Training with 57% OFF: bit.ly/3SPJ29y
This lesson on Business strategy introduces the idea behind implementing a cost leadership strategy.
Hope you will enjoy the video! Here's a link to the full course on Udemy:
www.udemy.com/...
Cost leadership consists in producing products or providing services that are cheaper than the ones offered by competitor companies.
If a company adopts a cost leadership strategy and manages to sustain lower costs than its peers, then it will be successful.
Typically, cost leaders will sell at lower prices than their competitors; this way, they are going to win price sensitive customers - the ones looking for a bargain.
Selling at lower prices than competitors is a valid idea. However, companies need to find a way to do that. If you want to sell at a lower price, then you have to do something differently than your peers.
On Facebook: / 365careers
On the web: www.365careers....
On Twitter: / 365careers
Subscribe to our channel: / 365careers

[@365FinancialAnalyst]

🚀 Sign up for Our Complete Finance Training with 57% OFF: bit.ly/3SPJ29y

[@sarahsmith9934]

Thank you very helpful

[@thomasgamble5566]

great explanation! Thank you guys a lot for making this video!

[@NataliiaGulevata-Ferrioli]

Thanks! I liked!!!! Useful!

[@nethminikaushalya5268]

great explanation thank you
👍

[@wongjoman1227]

524 likes for such amazing lesson, no wonder the number of rich people is far lesser than the average ones.........

[@achilatv5720]

Very helpful

[@tspizemediaservices6254]

Good video...thank u

[@iamjustaguy9777]

That lady scares me.

[@fatmazullu4933]

How?

[@fatmazullu4933]

Nice