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A State Whereby a Firm's Successful Strategies Cannot Be Easily

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A state whereby a firm's successful strategies cannot be easily duplicated by its competitors is known as comparative advantage.


Definitions:

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.

Titanic

A British passenger liner that sank in the North Atlantic Ocean in 1912 after hitting an iceberg, leading to significant loss of life.

Ocean Floor

The bottom surface of the Earth's oceans, consisting of various geographical features like plains, mountains, and trenches, providing habitat for diverse marine life.

Submersibles

Watercraft designed for underwater operations, typically for research, exploration, or recreational purposes.

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