_______________ Refers to the Strategy Where Competitive Advantage Is Based

question 32

Short Answer

_______________ refers to the strategy where competitive advantage is based on superior products or service.

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Definitions:

Manufacturing Companies

Businesses involved in the transformation of raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.

Lean Business Model

A strategic approach that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Triple Bottom Line

A sustainability framework that evaluates a company's social, environmental, and financial performance to measure its full impact.

Environmental

Relating to the natural world and the impact of human activity on its condition.