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Explain the difference between cultural relativism and ethnocentrism. Which is preferred in sociology, and why?
Unique Product
A good or service that is distinct in the marketplace due to its unique features, benefits, or technology, setting it apart from competitors.
Special Market Segment
A specific portion of the market identified by unique characteristics, differentiating it from the broader market.
Differentiation Strategy
A business approach where companies aim to develop and market unique products or services to stand out from competitors and attract a specific segment of customers.
Competitive Advantage
A scenario or element that positions a firm in a more favorable or advantageous spot relative to its competitors.
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