Examlex
To determine how easy it is to navigate one's website, what should the entrepreneur do?
Economy Strategy
An approach aiming for cost efficiency and minimized spending within a business or economic system.
Price Wars
A competitive strategy involving companies lowering prices to undercut competitors, often leading to a situation where prices continue to drop.
Profitability
A measure of the efficiency and financial performance of a company, often assessed by the ratio of its profits to its revenues.
Generic Strategy
A fundamental strategy a company can adopt to achieve a competitive advantage, typically categorized as cost leadership, differentiation, or focus.
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