absolute cost advantage

listen to the pronunciation of absolute cost advantage
الإنجليزية - الإنجليزية
{i} 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)
absolute advantage
The capability to produce more of a given product using less of a given resource than a competing entity
Absolute Advantage
(İdari Yönetim) The ability to produce something more efficiently than any other country can
absolute advantage
(Ekonomi) The ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group
absolute advantage
(Ekonomi) In economics, principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources
absolute advantage
total advantage, ability of one company to produce a good at lower costs than any other business in the same industry (Economics)
absolute cost advantage

    الواصلة

    Ab·so·lute cost ad·van·tage

    التركية النطق

    äbsılut kôst ädväntîc

    النطق

    /ˈabsəˌlo͞ot ˈkôst adˈvantəʤ/ /ˈæbsəˌluːt ˈkɔːst ædˈvæntɪʤ/
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