Examlex
The ________ strategy uses subsidiaries, franchises, or joint ventures with substantial independence.
Differentiation Value
Refers to the unique benefits or characteristics of a product or service that set it apart from competitors in the eyes of customers.
Value-based Pricing
A pricing strategy where the price of a product or service is set based on the perceived or estimated value it provides to customers, rather than its cost of production.
Drill Press
A drill press is a machine tool used for drilling holes in various materials, offering precision and stability that handheld drills might not provide.
Operating Cost
Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll, excluding manufacturing costs.
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