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:

Pennsylvania System

A penal system, also known as the separate system, developed in the 19th century, focusing on solitary confinement and individual penance as a form of rehabilitation.

General Contractor

A principal contractor who is responsible for the oversight of a construction project, managing subcontractors, and the coordination of the work on site.

Deed of Trust

A legal document that secures a real estate transaction by transferring the title of the property to a trustee until a loan is paid in full.

Party

A person or entity involved in a legal transaction or case; can also refer to one side of a contractual agreement.