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Compare and contrast cost drivers and uniqueness drivers in a company's value chain. Explain how these drivers might support a firm's generic strategy.
Experimental Research Method
A research methodology that tests hypotheses and establishes cause-effect relationships by manipulating independent variables and observing their effects on dependent variables.
Cause-and-Effect Relationships
The principle that an action or event (cause) will produce a certain response or outcome (effect) in a given context.
Descriptive
Pertaining to the detailed description of characteristics, behaviors, or the setting of an event without imposing any interpretations or judgments.
Correlational Research
A method of research that examines the relationship between two or more variables to determine if a change in one is associated with a change in the other(s).
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