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Porter argues that a nation's firms gain competitive advantage iDeclan's company manufactures specialized parts for automated machinery. Although it started out as a small company,
Porter argues that a nation's firms gain competitive advantage iDeclan's company manufactures specialized parts for automated machinery. Although it started out as a small company, with the advent of robotics and other technological innovations, the company now ships out such large quantities of product that its unit cost is less than half of its competitors. This scenario exemplifies the concept of
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