What Are the Keys to Sustaining a Focused Low-Cost Strategy

question 65

Essay

What are the keys to sustaining a focused low-cost strategy?

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Definitions:

Acceptance

The action of consenting to receive or undertaking something offered.

Two-Factor Theory

A psychological theory suggesting that human behavior is influenced by two separate factors: motivation (intrinsic) factors, which drive satisfaction, and hygiene (extrinsic) factors, which can prevent dissatisfaction.

Hygiene

Practices and conditions that help maintain health and prevent the spread of diseases, typically involving cleanliness.

Motivators

Factors that increase an individual's drive to perform actions or engage in behavior towards achieving a goal.