Examlex
Provide a definition for the term managerial options or real options.
Unsubstitutable
Describes a good or service that cannot be replaced or substituted by another due to its unique characteristics or the specific needs it meets.
Supplier Power
The influence a supplier has over the price and availability of its products, affecting the market competitiveness.
Less Concentrated
Refers to an industry or market where power and resources are spread out among many competitors, reducing the level of competition.
Vital Inputs
Crucial resources or components required for the production process or for providing a service.
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