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A firm that answers yes to the question, "If I set up a low-cost business, will it generate synergies with my existing business?" its next action should probably be to:
Changing Conditions
Variations or alterations in the environment, circumstances, or requirements that affect a situation or activity.
SWOT Analysis
A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.
Core Competencies
refer to the unique strengths and abilities that a company or individual possesses, which give them a competitive advantage in the market.
Special Strengths
Unique abilities or talents that distinguish an individual or entity from others; often contributing significantly to success.
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