Examlex
Competency-based pay systems are also called skill-based pay systems.
Market Segmentation
The method of segregating a potential customer base into categories or segments according to various traits.
Cannibalization
The detrimental impact on sales of a product due to the introduction of a similar product by the same company.
Tiffany/Walmart Strategy
A business approach that contrasts high-end, premium products and services (Tiffany) with low-cost, high-volume goods (Walmart), targeting different market segments.
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