Experts Estimate That Canada Will Need to Spend Between $70

question 34

True/False

Experts estimate that Canada will need to spend between $70 billion and $90 billion between now and 2016 in order to meet the future needs of our country.

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Definitions:

Lowering Costs

Strategies or actions taken to reduce expenses and increase profitability within a business.

Differentiation

The process of distinguishing a product or service from those of competitors in order to appeal to a particular target market.

Customer's Perspective

The viewpoint or attitude of consumers regarding the purchase, usage, benefits, and overall satisfaction with a product or service.

Competitive Advantage

The unique attributes or capabilities a company has that enable it to outperform its competitors, leading to greater sales or margins.