Examlex
Which of the following statements is true?
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.
Workforce Plan
A strategic approach to ensuring an organization has the right number and kind of people, with the right skills, in the right places, at the right times.
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