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Suppose that you are sitting in a classroom, trying to follow your professor's lecture while trying to ignore a loud conversation out in the hallway. This situation most closely resembles
Market Driven
A business approach focused on creating products and services based on the existing demands and preferences of the market.
Reactive
Characterized by actions taken in response to external situations or events rather than initiating change proactively.
Competition Driven
A market situation where businesses are highly motivated to outperform their rivals in order to gain greater market share and customer loyalty.
Competitive Advantages
Attributes or circumstances that allow a company or country to produce goods or services at a lower price or in a more desirable manner than competitors.
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