absolute cost advantage

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absolute cost advantage
n. competitive advantage that a company has over another which is achieves by means that result in lower average costs (such as: cheaper inputs, cheaper source of raw materials, waste minimization)


MONASH Marketing DictionaryDownload this dictionary
Absolute Cost Advantage
the cost advantage one company has over another if it has a cheaper source of raw materials, control of superior knowledge through patents, cheaper manufacturing or assembly costs, or similar benefit.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

Free English-Vietnamese DictionaryDownload this dictionary
Absolute cost advantage
Absolute cost advantage
(Econ) Lợi thế nhờ phí tổn tuyệt đối.+ Một khái niệm đề cập tới những lợi thế của các hãng đã thiết lập, vì thế các hãng này có thể duy trì chi phí trung bình thấp hơn so với các hãng mới nhập ngành không phụ thuộc vào mức sản lượng. (Xem Barriers to entry)
(C) 2007 www.TừĐiểnTiếngViệt.net

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