Examlex
When the university football team does exceptionally well, the number of students displaying the university insignia on shirts or caps increases as well. The students' "basking in reflected glory" means that they are attempting to create a relation with a positively valued object.
Low-cost Inputs
Inputs are materials or resources used in the production process, and low-cost inputs refer to acquiring these materials or resources at the lowest possible cost to maximize profitability.
Differentiation Strategy
A business approach focusing on developing and marketing unique products or services to stand out from competitors and attract a specific segment of the market.
Creative Ideas
Novel and innovative thoughts or concepts, especially ones that can be implemented to solve a problem or improve a situation.
Innovative Concepts
Original ideas or approaches that break from the norm or introduce new possibilities in products, services, or business models.
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