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Cost Leadership Strategy
A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.
Flexible Automation
A manufacturing system designed to easily adapt to changes in the product being produced, allowing for customization and variability in production processes.
Stable Financial Structure
A financial state where an organization maintains a healthy balance between its liabilities and assets, ensuring long-term sustainability.
Niche Strategy
A focused marketing approach targeting a specific, well-defined segment of the market, often with specialized products or services.
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