Draw the Other Important Resonance Form Of

question 81

Essay

Draw the other important resonance form of:

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Definitions:

Cost Leadership Strategy

A competitive strategy where a company aims to become the lowest cost producer in the industry, offering its products or services at a lower price than competitors.

Differentiation Strategy

A marketing approach where a company makes its product or service stand out from competitors through distinct features, quality, or services.

Significant Points

Key or important aspects, facts, or features that are noteworthy.

Higher Price

The strategy of setting the cost of a product or service above the average market price to signal higher quality or to cover higher production costs.