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What are the two ways a company can translate its low

What are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance? Eliminating or curbing nonessential activities and doing a better job than its rivals in performing essential activities.

What are the two basic ways that companies achieve competitive advantage over their business rivals?

There are two basic types of competitive advantage: cost leadership and differentiation.

What are the two types of cost advantage?

The two main types of competitive advantages are comparative advantage and differential advantage.

What are the three 3 strategies for competitive advantage?

According to Porter's Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.