Examlex
In a perfectly competitive world:
Business Analysis
The practice of identifying business needs and determining solutions to business problems through analysis of data, processes, and systems.
Product Development
A marketing strategy that involves creating new goods and services for existing markets.
Profitable
Describes a business or activity that generates more revenue than the expenses incurred, resulting in financial gain.
Open Innovation
A way of generating new-product ideas by gathering both external ideas and internal ideas.
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