költségversenyképességet

Költségversenyképesség refers to the ability of a company, industry, or country to produce goods or services at a lower cost than its competitors. This cost advantage allows entities to offer their products at lower prices, thereby gaining market share and potentially higher profits.

Several factors contribute to cost competitiveness. These include efficient production processes, access to cheaper raw materials, lower labor costs, advanced technology adoption, economies of scale, and effective supply chain management. A favorable regulatory environment and lower taxation can also play a significant role.

For a company, cost competitiveness is crucial for survival and growth in a globalized market. It enables them to compete with both domestic and international rivals. Industries that achieve cost competitiveness often become leading exporters.

At a national level, cost competitiveness is a key determinant of a country's economic performance, particularly in manufacturing and traded goods sectors. Countries with higher cost competitiveness tend to attract more foreign investment and experience stronger export-led growth. However, focusing solely on cost can sometimes lead to a decline in product quality or worker welfare if not managed carefully. Maintaining a balance between cost, quality, and sustainability is therefore essential.