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Cost leaders are often large companies, and this allows them to demand price concessions from their suppliers.
Social Status
The position or rank of a person or group within the social hierarchy, which can be determined by factors such as wealth, occupation, education, or family lineage.
Public Acknowledgment
Recognition or admission of something or someone in a public context.
Colonial Era
A period in history marked by the establishment, exploitation, and expansion of colonies by European powers in other parts of the world, from the late 15th century to the mid-20th century.
Globalization Forces
The various drivers of globalization, including economic, cultural, and technological forces, that lead to increased interconnectedness and interdependence among the world's populations.
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