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A Competitive Market Has Two Basic Characteristics

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A competitive market has two basic characteristics. What are those two characteristics?


Definitions:

Discovering New

The process of identifying previously unrecognized opportunities or insights.

Situation Assessment

The process of evaluating the current status and potential changes in the external and internal environment that could affect future strategies and projects.

Monitoring Environment

The process of systematically observing and analyzing external and internal environments to detect signs of opportunities and threats.

Core Competencies

The main strengths or strategic advantages of a business or organization.

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