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What are the major differences between a hub and a switch?
Competitive Advantage
The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer service.
Market Segment
A distinct group of customers within a broader market, defined by specific characteristics such as needs, preferences, or behaviors.
Cost Leadership Strategy
A business approach aimed at becoming the lowest-cost producer in an industry for a particular level of product quality.
Managerial Controls
Mechanisms or techniques used by management to direct, monitor, and measure the performance of resources and processes towards achieving organizational goals.
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