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A major difficulty of operating a mail order catalog is the handling of
Profitable New Markets
Emerging or untapped segments of the economy where businesses can enter and establish themselves to generate significant profit.
Existing Equipment
Machinery or tools that are currently owned or in use by an organization or individual.
Knowledge
Information, understanding, or skill that one gets from experience or education; awareness or familiarity gained by experience of a fact or situation.
Competitively Superior Fit
A strategic alignment where a company's products or services match customer needs better than competitors, providing a competitive advantage.
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Q100: Michael Porter describes a differentiation approach as