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Cost Leadership Strategy
A business strategy focusing on gaining a competitive advantage by becoming the lowest cost producer in the industry.
Differentiation Strategy
A competitive strategy in which a company seeks to distinguish its products or services from those of competitors on dimensions such as quality, design, or customer service.
Source Of Differentiation
Unique features or aspects of a product, service, or brand that set it apart from competitors and provide a competitive edge.
Economies Of Scale
Financial benefits that firms receive from their size of operations, where the cost for every produced unit tends to drop as the operational scale expands.
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