absolute cost advantage
Definition
Competitive advantage that a firm or a country obtains through cheaper inputs, innovation, proprietary know how, waste minimization, or other such means resulting in lower average costs. See also acquired advantage.
email to a friend
print this definition
cite this definition
link to this page
absolute cost advantage is in the Decision Making, Problem Solving, & Strategy, Economics, Politics, & Society and International Trade & Relations subjects.
absolute cost advantage appears in the definition of the following term: absolute advantage
This content can be found on the following page:
http://www.businessdictionary.com/definition/absolute-cost-advantage.html