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Focused Cost Leadership Strategy
A business strategy where a company aims to be the lowest-cost producer within a specific niche or segment.
Competitive Advantage
The attributes that allow an organization to outperform its competitors, such as superior quality, innovation, cost structure, or customer service.
Market Segment
A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.
Strategic Control
An attempt to make sure that strategies are well implemented and that poor strategies are scrapped or modified.
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