​Product Lifecycle Management (PLM)software and Its Data Are Used by Both

question 41

True/False

​Product lifecycle management (PLM)software and its data are used by both internal and external users.
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Definitions:

Cost Leadership Strategy

A business strategy focused on gaining competitive advantage by being the lowest cost producer in the market while maintaining acceptable quality levels.

Low Prices

A pricing strategy where goods or services are offered to consumers at a lower cost compared to competitors.

Focused Differentiation Strategy

A business approach that targets a specific segment of the market by offering unique features that satisfy the particular needs of that segment.

Unique Product

A good or service that is distinct in the marketplace due to its unique features, benefits, or technology, setting it apart from competitors.