Economics B A-Level
Cost leadership
What Cost leadership means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Cost leadership
Check what you remember
Read the wording for your board, then hide it and explain Cost leadership in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A route to competitive advantage where a firm produces at a lower cost and offers lower prices.
Topics that use Cost leadership
- The competition (Pearson Edexcel A-Level)
Related terms
- Branding
- Competitive advantage
- Dynamic market
- Gaps in the market
- Market structure
- Price elasticity of demand
- Pricing strategies
- Profit maximisation
Using Cost leadership in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics B A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge