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Explain the advantages and disadvantages of rules in bureaucracies.
Opportunity Creation
The process by which new business or investment opportunities are identified, developed, and exploited.
Fragmented Industry
An industry characterized by a large number of small firms, where no single company has a significant market share or power to dominate the industry.
Information Gaps
The lack of necessary knowledge or data between what is known and what needs to be known for effective decision-making.
Competition
The rivalry between businesses to achieve greater sales, market share, and customer engagement.
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