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Outline the meaning of the term strategic

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Reference no: EM133071829

1. Outline the meaning of the term 'strategic'.

2. Distinguish between a profit centre and a cost centre.

3. Outline two benefits of cost leadership.

4. Distinguish between economies of scale and cost leadership. Assess the importance of both for business efficiency.

5. Define the term 'product differentiation'.

6. Describe three distinguishing factors differentiating goods and services.

7. Compare how differentiation varies between goods and services.

Reference no: EM133071829

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