Examlex
According to Michael Porter, managers have two basic ways of increasing the value of an organization's product: differentiating the product or lowering the costs of making it. Define each strategy and analyze its impact on profits and the entry of new competitors into the industry.
Open Sentence
A mathematical or logical statement containing one or more variables that does not have a definitive truth value until the variables are specified.
Variable
An aspect, trait, or element that has the potential to change or differ.
Sentence
A sequence of words that is self-contained, typically featuring a subject and a verb, to deliver a statement, interrogative, exclamation, or imperative.
Variable
A factor, characteristic, or detail that can alter or shift.
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