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When cost efficiency works: easily replaced commercial assets

Standard commercial lorries show why cost efficiency can work when an acceptable replacement is easy to obtain.

Notes

Government definitions of efficiency increasingly emphasise cost efficiency, or bang for your buck, over capability efficiency. A focus on cost makes sense when doing without a better option has little consequence or a substitute is easy to find. Standard commercial lorries illustrate why this can be a sensible approach for a company. If an unexpected need arises, the company can hire another lorry.