Examlex
The San Andreas fault in California is an example of
Competitive Advantage
A condition or circumstance that puts a company in a favorable or superior business position.
Market Segmentation
The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors, who might require separate products or marketing strategies.
Economies Of Scale
Cost advantages that a business achieves due to the scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Differentiation
A strategy employed by businesses to distinguish their products or services from those of competitors, often through unique features, branding, or quality.
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