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Figure 5.7
-The structure depicted in Figure 5.7 shows the
Learning by Doing
A theory that suggests proficiency and efficiency improve over time through practice and hands-on experience.
Regional Level
Refers to the geographical tier that encompasses localities within a larger national or international context, focusing on specific area-based initiatives or characteristics.
Smaller Firms
Refers to businesses that are relatively small in size, often characterized by fewer employees, lower annual revenues, and limited market share compared to larger corporations.
Research and Development (R&D)
is a business or government activity that focuses on the pursuit of innovation through scientific research and product development.
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