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According to Geertz, close-knit societies have subcultures and countercultures within their boundaries.
Cost Savings
The reduction in costs achieved through efficient management, production processes, or other savings strategies.
Product Design
The process of ideating, creating, and iterating products that solve users' problems or address specific needs in a given market.
Target Percentage Margin
A financial metric that estimates the desired profit margin a company aims for in setting prices for its products or services.
Value-Added Activities
Operations or processes that increase the worth of a product or service to the consumer, thereby enhancing its value.
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