Examlex
Apple is an example of a company following which of Porter's generic competitive strategies?
External Costs
Costs of a transaction or activity that affect people other than those directly involved in the transaction, not accounted for in the market price.
Competitive Market
A market structure characterized by a large number of firms competing against each other, leading to efficient prices and products.
Resources
Assets, materials, and inputs needed to produce goods and services.
Overallocated
A situation where resources are disproportionately distributed or excessively committed to a particular project or area, potentially leading to inefficiencies.
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