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Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to faulty grading, Richard is sued by motorists and hikers injured in the collapse. As a professional engineer, Richard is held to the same standard of care as
Functionality
The range of operations that can be performed by a product, system, or service, especially according to user requirements and needs.
Strategic Positioning
The process of establishing and maintaining a sustainable competitive advantage in the market.
Low-Cost Approach
A business or operational strategy focusing on minimizing costs while maintaining quality and efficiency, often to achieve a competitive advantage.
Value-Based Approach
A strategy focusing on providing and maximizing value to customers or stakeholders, often in terms of quality, service, and experience.
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