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For Each Historical Identification Question, Define the Term and Briefly

question 93

Essay

For each historical identification question, define the term and briefly describe its historical significance.
Louis XIV's wars


Definitions:

Local Responsiveness

The ability of a company or organization to meet the needs and preferences of local markets or environments.

Low Cost Reductions

refers to strategies implemented to decrease expenses in a business operation without significantly impacting product or service quality.

Corporate Strategy

The overarching plan and direction of a corporation that guides long-term decisions, including expansion, diversification, acquisition, and the allocation of resources.

Functional Strategies

Specific tactics and plans developed within each of a company's functional areas, like marketing or finance, to support the overall business strategy.

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