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Low Price Strategy
About Low Price Strategy
If you can cut costs in ways customers don’t care about, this could be the strategy for you.
Strengths
- Low price suppliers typically always find a market.
- It can be relatively quick to execute once you have discovered the secret to low cost production or service delivery.
Weaknesses
- Customers who buy on price may not be as loyal as those who buy on quality - you must have a price advantage that can’t easily be matched.
- Market leaders with deep pockets and long term vision may be prepared to accept a loss over a long time to make sure your new segment becomes unsustainable.
- Creating a profit at the low end of the market may simply be more dificult to execute than you thought.
Timing
- Contact MindWars for a customised evaluation.
Budget
- Contact MindWars for a customised estimate.
Contact MindWars
for more information.
