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The social smile
Differentiation Strategy
A business approach where a company develops distinctive products or services to compete in the market.
Product Costs
The total costs incurred to bring a product to market, including materials, labor, and overhead.
Product Quality
The characteristics of a product that determine its ability to satisfy stated or implied needs; a key factor in competitiveness.
Contingency Theory
A theory suggesting that the best way to manage an organization depends on the specific circumstances, highlighting the need to adapt to environmental and internal conditions.
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