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What is the difference between a flow variable and a stock variable?
Strategy
Strategy refers to a plan of action designed to achieve a long-term or overall aim.
Chain of Command
The formal line of authority within an organization, showing how orders flow from top management down to lower levels of employees.
Competitive Advantage
A distinct characteristic or group of characteristics giving an organization the advantage over its competition.
Streamline
Simplifying procedures or methods to increase efficiency and reduce complexity or waste.
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