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A least cost provider is a business or organization that focuses on minimizing expenses to offer goods or services at the lowest possible price while maintaining acceptable quality. This strategy often involves streamlining operations, optimizing supply chains, and leveraging economies of scale. Least cost providers typically target price-sensitive customers and compete primarily on cost rather than differentiation or premium features. This approach can be effective in highly competitive markets where consumers prioritize price over other factors.

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1mo ago

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