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What cost effective technique will you follow for your product?

Dear Student,

In addition to what Sony answered above the following can also be certain add on techniques:

a) Covering up a larger market through certain promotional deals;
b) Standardisation and simplification ;

Regards,


 

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1)Using raw materials & input that are low in cost.
2)Using machines & labour in most effective manner such that maximum output is produced.
3)Optimum utilization of resources & inputs with minimum wastage.
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