Two Ways to Develop a Competitive Advantage Is Through Product

question 47

Essay

Two ways to develop a competitive advantage is through product differentiation and low-cost production.How does a company set itself apart from competitors under each strategy?

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Definitions:

Unconstitutional

Describes actions or laws that go against the principles or established rules in a country's constitution.

Trial by Jury

A legal proceeding where a jury makes a decision or findings of fact, which then direct the actions of a judge.

Human Genome Project

The Human Genome Project was an international research effort aimed at mapping all the genes of the human genome to understand genetic foundations of human diseases and traits.

Genetic Accident

An unexpected and usually undesirable mutation or alteration in an organism's DNA, often leading to changes in traits or functions.