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Porter Says That Cost Leadership and Differentiation Are the Two

question 26

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Porter says that cost leadership and differentiation are the two main sources of competitive advantages


Definitions:

Object Permanence

The awareness that things still exist even if they are not currently being perceived through sight, hearing, touch, smell, or any other sensory method.

Egocentrism

A cognitive bias where an individual is unable to see a situation from another person's point of view.

Stranger Anxiety

The fear or distress that infants and young children experience when encountered by unfamiliar people, typically evident around 6 to 12 months of age.

Motor Development

The progression of muscular coordination and the increase in a child's ability to perform various physical activities over time.

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