As defined in the Business Dictionary, Low Cost Pricing Strategy is A type of pricing method where a business sets a comparatively low price in order to enhance the demand for its product among consumers, as well as its competitive position in the market

A low cost pricing strategy is an alternative marketing approach that a business can use as an alternative to differentiation and focus pricing strategies, and it tends to be most successful when the product or service is fairly generic and high volume production is possible

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The key elements for successfully developing a low cost service delivery system are reasonable pricing,service quality and good customer experience

What are the advantages of low cost strategy?

We at iHRAssist.com, understand that our customers’ spending decision is largely driven by their budget. We are able to use a subscription-model offer to ease them into our services. At the end, this strategy makes bundling our other services in one, a better option for them

iHRAssist.com flexible model is twofold as the customer is able to discontinue the service completely with no initial investment loss and can also make modifications as the company grows

iHRAssist.com has strategies for getting customer feedback, retaining unsatisfied customers and continually updating policies and services to meet customers' needs. A good customer service model focuses on increasing satisfaction while decreasing or minimizing customer conflict. Implementing a business model that focuses on an atmosphere of service is most essential

Running a successful service company should be synonymous with delivering excelling service and we at iHRAssist.com are able to deliver value to our customers because of our better asset utilization and efficient processes and our simplified services and operations approach to deliver the ultimate customer experience

BusinessInsider.com - Low cost is a necessity in emerging markets and often also a source of inspiration in mature markets to achieve low cost along the whole value chain

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