_______________________ Exists When the Firm Is Able to Deliver the Same

question 33

Short Answer

_______________________ exists when the firm is able to deliver the same value and benefits as competitors but at a lower cost.

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Definitions:

Intrinsic

Referring to something that is inherent or natural, often used to describe motivation or value coming from within rather than external rewards.

Extrinsic

Originating from outside rather than from within a person, often referring to external motivations or factors.

Personal

Relates to or concerns an individual's private life, feelings, or circumstances.

Job Enlargement

The process of increasing the number and variety of tasks that an individual performs, thereby enhancing job satisfaction by reducing monotony.