Match the Terms with Their Correct Descriptions/definitions

question 26

Short Answer

Match the terms with their correct descriptions/definitions.

-Pervasive lack of responsiveness to other people; stupor

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Definitions:

BCG Matrix

The BCG matrix is a framework for analyzing a company's product portfolio based on market growth and market share, categorizing them as stars, question marks, cash cows, or dogs.

Cost Leadership Strategy

A business approach aiming to become the lowest-cost producer in the industry, often by achieving economies of scale.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors.

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.