I. Explain how each of the following is a basis for competitive advantage in manufacturing: cost, quality, time, and agility.
Expert Answer
Cost creates competitive advantage as reduction in cost in manufacturing brings economy of scale and higher profit margin to the organization. It brings the ability for the manufacturer to reduce the price and compete well in the market. So, it brings the competitive advantage.
Quality of the product creates high value proposition and positive brand positioning among the target audience. Besides, the conformance to quality is the differentiation factor and builds strong recommendation. It acts as a competitive
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