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List and explain factors that can influence BMR.
Differentiation
A strategy businesses use to make their product or service stand out from competitors by highlighting unique features or benefits.
Competitive Advantage
The attribute that allows an organization to outperform its competitors, such as cost, product quality, or customer service.
Low-Cost Producer
A business strategy aimed at becoming the most cost-efficient manufacturer in an industry to gain a competitive advantage.
High-Cost Producer
An entity that produces goods or services with higher operational costs compared to its competitors.
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