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Product Differentiation Attempts to Create Real or Perceived Differences in the Minds

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Product differentiation attempts to create real or perceived differences in the minds of the consumer.


Definitions:

High-Performance Work Systems

Organizational approaches that integrate various human resource practices to enhance employee effectiveness and organizational performance.

Measurable Skill Sets

Specific abilities or competencies that can be quantitatively assessed or evaluated.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link together the diverse parts of an organization.

Top Management

The highest-ranking executives in an organization, responsible for strategic decisions and overall direction.

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