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Differentiation
A strategy used by businesses to distinguish their products or services from competitors', often through quality, innovation, or customer service.
Lag
A delay or time taken for a process or variable to adjust after a change in another variable or the initiation of a process.
Competitive Business Strategies
Strategies that businesses implement to gain an edge over their competitors in the market.
Broad Differentiation
A strategy where a company distinguishes its products or services from competitors' offerings through varied attributes, appealing to a wide segment of the market.
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