[solved] One way a company can translate a low-cost advantage over rivals into attractive profit performance is by quizlet
striving to capture all available economies of scale and thereby having the most efficient value chain in the industry.
charging everyday low prices for its products/services in order to gain the biggest (and thus most profitable) market share in the industry.
using its lower-cost edge to underprice competitors and attract price-sensitive buyers in great enough numbers to increase total profits.
using its ability to drive costs out of the business to achieve the absolute lowest possible costs and the absolute highest profit margins.
aggressively pursuing manufacturing innovation so as to keep lowering its manufacturing costs and increasing its after-tax profit margins.
