What is cost-driven? In a cost-driven business, creating a lean cost structure is achieved by focusing on offering cheap value propositions, automating as much as possible, and outsourcing as much as ...

The airline's low-cost model means it's better equipped to take advantage of those segments compared to the legacy airlines. Visit Business Insider's homepage for more stories.

A business model is made up of many elements, one of which is the cost structure. It depicts how businesses allocate the majority of their resources in order to maintain demand for their goods and ...