Discuss the Four Specific Ways in Which Managers Can Lower

question 32

Essay

Discuss the four specific ways in which managers can lower costs or increase differentiation to obtain a competitive advantage.

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Definitions:

Inequity

A condition stemming from unfair, unjust treatment or disparities among individuals or groups, often in terms of resources, rights, or opportunities.

Motivator Factors

In the job content are sources of job satisfaction.

Job Enrichment

Enhancing a job by adding more meaningful tasks and duties to make it more rewarding and satisfying.

Acquired Needs Theory

a psychological theory that suggests human needs are developed over time based on life experiences.