Examlex
When writing a report, use verb tenses that reflect the reader's time frame, not your time frame.
Automobile Industry
The global industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
Cost-Leadership Strategy
A competitive strategy focusing on producing goods or services at the lowest cost to outprice competitors.
Differentiation Strategy
A generic business strategy that requires products to have significant points of difference to charge a higher price while targeting a broad array of market segments.
Significant Points
Major or important aspects, factors, or considerations in a given context, such as key arguments in a discussion or essential features of a project.
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