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When Ernestine has her dog shampooed, she will either take him to her veterinarian's office or used the groomer at Puppy Palace depending on which one can take him sooner. Those are the only two places she would ever consider taking her precious dog. What collective term best describes the two alternatives that Ernestine chooses between for dog grooming?
Fragmented Competition
describes a market structure where no single firm dominates the market, and many small companies compete for market share.
Opportunity Recognition
The process of identifying and evaluating potential business or investment opportunities.
Cross-Association
The relationship or connection between different ideas, concepts, or entities that can lead to innovative solutions or insights.
Asymmetry Building
The strategic process of creating imbalances within a market or operational model to gain competitive advantage.
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