Examlex
Lock-in strategies are used after a customer adopts a product.
Turnover Rate
A metric that calculates the rate at which employees leave an organization and are replaced over a certain period, often used to assess the company's retention efforts.
Low-Cost Provider
A business strategy focusing on gaining competitive advantage by being the lowest cost producer in its industry or market segment, often by minimizing production costs.
Competitive Edge
A unique advantage that allows an organization to outperform its competitors, often through superior products, processes, or services.
Michael Porter
A renowned economist known for his theories on economics, business strategy, and competitive advantage.
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