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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 788 |
Essay's paper body
Customers must be convinced that costs can be reduced through integrated approaches and cost management. A second opportunity is for firms to remain competitive within the industry. Firms know that in order to be a driving force and stay on top in the market, the firm must “take away as much market share as possible from rivals†(Puachuad, 2002)...
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Firms know that in order to be a driving force and stay on top in the market, the firm must “take away as much market share as possible from rivals†(Puachuad, 2002). This action creates much competition within the industry allowing the company “to meet the needs of cost-conscious, powerful and sophisticated customers in the most effective manner...
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