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Low road (2)
LOW ROAD (2)

Definition: (business) A way of competing in business by producing basic goods at low cost.
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* All nine elements would be in.


1. Believed purposeful and necessary by producer.

2. Factors of production employed are complete.

3. Child labour not involved in some process.

4. Slave wage not paid workers/employees.

5. Best practice used on production line.

6. Raw materials are of best qualities.

7. Overheads truly minimized herein.

8. Profit is jot over break-even point.

9. Competes in business for awhile.
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Quote: "Unnecessary laws are not good laws, but traps for money". - Thomas Hobbes.

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Quote: "We are full of weakness and errors. Let us mutually pardon each other our follies". - Voltaire.

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