absolute cost advantage in English
noun
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)
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Below are sample sentences containing the word "absolute cost advantage" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "absolute cost advantage", or refer to the context using the word "absolute cost advantage" in the English Dictionary.
1. An econometric analysis of absolute cost advantage
2. 18 For example, consider a situation where technology know-how gained from years of learning-by-doing gives an incumbent firm an absolute cost advantage.
3. In order to do so, we have used unit root and cointegration tests, in which our theoretical frame-work is the absolute cost advantage that was developed by Anwar Shaikh.