What is the definition of Absolute cost advantage? | Dictionary.net

ABSOLUTE COST ADVANTAGE

\ˈabsəlˌuːt kˈɒst ɐdvˈantɪd͡ʒ], \ˈabsəlˌuːt kˈɒst ɐdvˈantɪd‍ʒ], \ˈa_b_s_ə_l_ˌuː_t k_ˈɒ_s_t ɐ_d_v_ˈa_n_t_ɪ_dʒ]\

Definitions of ABSOLUTE COST ADVANTAGE

1910 - Black's Law Dictionary (2nd edition)

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A competitive edge that allows another firm or country to obtain, reinvent, and create a good or service with lower cost. This also minimizes waste. This is also called acquired advantage.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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