91Ó°ÊÓ

Cost, product quality and reliability, delivery speed, delivery reliability, adapting to demand change, adaptability, and new product introduction speed are the competitive operational dimensions. The idea of operations focuses and trade-offs is essential to operations strategy

In Porter's view, two competitive aspects are crucial to business-level strategy. A firm's source of competitive advantage is the first dimension, and the second factor is the business's range of operations.A wide customer base and maintaining low costs by purchasing goods from vendors in huge numbers are key components of the cost leadership strategy.

The most challenging competitive component to compete on is cost.Customers cannot tell one company's product or service apart from another. Because of the possibility of significant profits that they associate with the high unit volumes in this market area, many businesses are drawn to it. But because of this, the failure rate in this market is high, and competition is intense. After all, there can only be one low-cost producer, and this producer typically determines the market selling price.