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Which of the following is not a criterion for an ideal voting system, according to economist Kenneth Arrow?
Dynamic Strategy
A flexible, adaptive strategy that allows an organization to respond quickly to market changes, competitive actions, and external forces.
Increasing Differentiation
A strategy where businesses aim to make their products or services stand out more distinctly from competitors'.
Decreasing Cost
The reduction in the total cost of production or operation over time, often achieved through efficiencies, economies of scale, or technological advancements.
Industry Factors
External influences that affect a sector's performance, including economic conditions, technological advancements, regulatory changes, and competitive dynamics.
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