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According to the Northwest Ordinance, a territory could be admitted as a new state when
Low Costs
Strategies or practices aimed at reducing expenses and financial outlays in business operations or production.
Low Prices
The condition of goods or services being offered to consumers at a reduced or competitive cost.
Differentiation Strategy
A business approach that involves making a product or service distinct from competitors' offerings through unique features, quality, or branding.
Profit Margins
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, representing profitability.
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