Examlex
If the parties do not have a specific agreement regarding the assessment of the risk of loss,the UCC mandates who will bear the risk.
Imitation
The act of copying or mimicking the strategies, products, or processes of individuals or enterprises, often seen as a way to gain a competitive advantage or innovate.
Fast-Second Strategy
A business approach where companies wait to see which innovations prove viable and then quickly follow with improvements and cost reductions.
Collusion
A situation in which firms act together and in agreement (collude) to fix prices, divide a market, or otherwise restrict competition.
Process Innovation
The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality in operations.
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