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Apple and Samsung have fierce competition in the smartphone market. start learning
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Rivalry between businesses trying to attract customers.
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The company expanded into the Asian market to increase sales. start learning
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The group of potential customers for a product or service.
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The company made a trade-off between quality and affordability to attract budget-conscious consumers. start learning
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A situation where one benefit is given up to gain another.
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Tesla uses differentiation by focusing on innovative electric car technology start learning
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A strategy where a business makes its product unique to stand out.
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Uber went beyond traditional industry boundaries by combining technology and transportation. start learning
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The limits within which a business operates
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Airbnb used value innovation by offering affordable lodging without owning any properties. start learning
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Creating new market value while reducing costs.
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McDonald's follows a red ocean strategy by competing in the fast-food industry. start learning
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Competing in an existing market with many rivals.
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Netflix used a blue ocean strategy by pioneering online streaming. start learning
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Creating a new market space with little competition.
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Amazon’s fast delivery service gives it a strong competitive advantage. start learning
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A unique factor that makes a company more successful.
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The demand for electric vehicles has increased due to environmental concerns. start learning
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The desire and ability of consumers to purchase a product.
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The e-commerce industry is a thriving market due to the rise of online shopping. start learning
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A market with high sales and growth potential.
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Streaming platforms like Netflix and Disney+ face fierce competition. start learning
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Intense rivalry between businesses. Example: "Streaming platforms like Netflix and Disney+ face fierce competition.
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The CEO charted a course for global expansion. start learning
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To create a plan for future success.
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After years of innovation, the company is reaping the benefits with high profits. start learning
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To gain rewards after making an effort.
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Luxury brands pursue differentiation by emphasizing quality and exclusivity. start learning
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To develop unique qualities in a product or service.
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