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United Power Resources Corporation acquired multiple electric utility companies and is now a major provider of electrical power in the southwestern portion of the United States. After careful deliberation, the executive team of United Power developed and released the corporation's mission statement:
Licensing
A regulatory process that allows individuals and companies to operate legally in a professional field or to sell particular goods and services.
Patents
Legal rights granted to inventors to exclusively exploit their inventions for a certain period.
Brand Names
Brand names are distinctive names given to products or services by companies to identify and differentiate them from competitors.
Optimal Efficiency
A condition where resources are allocated in the most efficient manner, maximizing output without wasting resources.
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