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Consider two vectors and shown in the figure. The difference - is best illustrated by
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Competitive Pressures
The challenges and forces that businesses face from rivals in the market, pushing them to improve, innovate, and efficiently manage resources.
Information Technology
The use of computers, storage, networks, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.
Contingency Thinking
A management perspective that considers the outcomes of actions to vary depending on the internal and external conditions.
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