Examlex
The greatest advantage of a sole proprietorship is unlimited personal liability.
Competitive Strategy
Strategic approaches that organizations adopt to gain an advantageous position over their competitors in the market.
Automation
The technology by which a process or procedure is performed without human assistance.
Low-Cost Leadership
A competitive strategy where a company becomes the most cost-efficient producer in its industry, often allowing for lower pricing to customers.
Chemical Waste
Waste that is made from harmful chemicals and is often a by-product of manufacturing processes, laboratory experiments, and cleanup operations.
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