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Vertical Differentiation
Vertical differentiation refers to the way products or services vary in quality and price, allowing businesses to target different market segments based on consumers' willingness to pay.
Actual Society
Refers to the existing societal conditions at any given time, including its structures, norms, and dynamics.
Structural Functionalism
A sociological perspective focusing on how the various parts of a society are necessary for the survival of the society as a whole.
Conflict Theory
A perspective in sociology that emphasizes the social, political, or material inequality of a social group, critiquing the broad socio-political system.
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