Describe Low-Cost and Differentiation Strategies, and How a Business Can

question 23

Essay

Describe low-cost and differentiation strategies, and how a business can achieve competitive advantage with either of them.

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Definitions:

Organic Portion

The component of a substance or material that is derived from living organisms and contains carbon.

Pneumatophores

Specialized aerial roots typically found in mangrove species that allow gas exchange in waterlogged conditions.

Aerial Roots

Roots that grow above the ground and are typically seen in plants living in swampy or moist environments, facilitating respiration and support.

Flooded Soils

Soils that have been oversaturated with water, leading to conditions of hypoxia (low oxygen) which affect plant and microbial community dynamics.