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Temptation,a fast food joint,offers a limited selection of pizzas.In spite of its narrow range and lack of experimentation with new products,it has established a strong position in the market owing to its consistent product-market orientation and superior product quality and service.In the context of the Miles and Snow typology,which of the following business strategies has been employed by Temptation?
Usury Law
Legislation designed to regulate interest rates by setting a maximum rate that can be charged on loans and credit.
Interest Rate
The cost of borrowing money, expressed as a percentage of the amount loaned, which lenders charge borrowers or the rate earned by depositors.
Usury Laws
Legislation that sets maximum interest rates that can be charged on loans.
Ceiling
A maximum limit imposed by a government or regulatory body, particularly regarding prices or wages.
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