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Cost Leadership
A strategic approach where a company aims to become the lowest-cost producer in its industry, often leading to competitive pricing.
Product Differentiation
A strategy that businesses use to highlight the unique features and benefits of their products or services, distinguishing them from competitors in the market.
Competitive Scope
Refers to the broadness of a company's target market within its industry, ranging from niche to global markets.
Niche Category
A specialized segment of the market for a particular kind of product or service.
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