Examlex
Although Porter agrees that it is possible for a company to achieve low cost and differentiation simultaneously,he suggests that no company has been able to achieve this.
Labor-Market Discrimination
The practice of unfairly treating individuals differently in employment decisions based on characteristics unrelated to their job performance, such as race, gender, or age.
Higher Salary
An increased amount of money earned by an employee for their work, often due to promotions, skill upgrades, or market demand for their role.
Identical Characteristics
A term describing goods, services, or entities that have the same attributes and qualities, making them indistinguishable in certain respects.
Wage Differentials
The variations in wage rates due to differences in occupation, sector, qualifications, and experience among workers.
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