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:

Portfolio

A blend of financial contributions, featuring stocks, bonds, market commodities, ready money, and equivalents of cash, comprising also mutual funds and ETFs.

Stocks

Shares of ownership in a corporation or financial asset, which represent a claim on the company's earnings and assets.

Investment

Allocation of resources, such as time, money, or effort, in the expectation of generating a future benefit or return.

Composed

Implies being made up of multiple parts or elements; in the context of data, it may refer to a dataset composed of different types of information.