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What is one characteristic of poor research?
Mass Markets
Very large markets comprising consumers who have similar needs for products or services.
Cost Leaders
Companies that manage to produce or offer services at the lowest cost in their industry or market segment, often leading to competitive pricing strategies.
Cost Leadership
A business strategy aiming to achieve the lowest production and distribution costs to offer lower prices than competitors.
Flexible Automation
Flexible automation refers to a manufacturing system that can quickly adapt to changes in the product being produced, allowing for customization and efficient production of various items.
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