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Perhaps the most profound work of science published during the latter half of the 19th century was
Functional Design
Functional design refers to creating items, systems, or processes that prioritize practicality and efficiency while meeting specific objectives.
Low-Cost Strategy
A business strategy aimed at becoming the lowest-cost producer in the industry or market, thereby allowing the company to offer its products or services at lower prices than competitors.
Focused Strategy
A strategy utilized by companies to focus on a particular market segment or demographic, offering customized products or services.
Organization Design
The creation of roles, processes, and formal reporting relationships in an organization to achieve its goals and objectives.
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