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Which of the Following Terms Relevant to Prejudice and Discrimination

question 111

Multiple Choice

Which of the following terms relevant to prejudice and discrimination is correctly matched with the concept of which it is an example


Definitions:

Cost Leadership Strategy

A business strategy focusing on gaining a competitive advantage by becoming the lowest cost producer in the industry.

Differentiation Strategy

A competitive strategy in which a company seeks to distinguish its products or services from those of competitors on dimensions such as quality, design, or customer service.

Source Of Differentiation

Unique features or aspects of a product, service, or brand that set it apart from competitors and provide a competitive edge.

Economies Of Scale

Financial benefits that firms receive from their size of operations, where the cost for every produced unit tends to drop as the operational scale expands.

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