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Discuss distributive justice and procedural justice.Discuss how managers can use this information.
Over-Differentiated Products
Products that have too many variations or features, potentially confusing customers and reducing sales.
Differentiated Goods
Products that are distinguished from others on the basis of quality, brand, design, or some other characteristic, making them unique from competitors’ offerings.
Product Standardization
The process of adopting uniform characteristics for a product or its components, often to ensure consistency and compatibility.
Peak Efficiency
The state or condition in which a system or process operates at its maximum potential or effectiveness, utilizing resources optimally without waste.
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