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Marci Is Majoring in Operations Management at ABC University

question 144

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Marci is majoring in operations management at ABC University.Unfortunately,the evolution of Canada from a manufacturing-oriented to a service-oriented economy means that Marci will probably find few job openings in her chosen area.


Definitions:

Niche Marketing

A targeted marketing strategy focusing on a specific segment of the market that has unique preferences or needs, aiming to become a big fish in a small pond.

Substitutable Products

Goods or services that can be used in place of each other, offering similar benefits and satisfying the same needs or desires of consumers.

Competitive Advantage

A unique attribute or ability that allows an organization to outperform its competitors.

Transferable Technology

Technologies that can be easily adapted and used in various industries or sectors.

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