Instructions: Please Define the Following Key Terms

question 22

Short Answer

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-rule of law

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Definitions:

Managerial Inputs

Managerial Inputs refer to the guidance, decisions, and actions contributed by managers to the planning, execution, and control of business activities.

Customer Opinions

Feedback and perspectives from users or buyers about a product or service, typically used to improve offerings or understand market needs.

Competitive Advantages

Competitive advantages are factors or attributes that allow a company to outperform its competitors, such as superior quality, brand reputation, or cost efficiency.

Value Chain

A model that outlines the series of steps a company takes to create and deliver a product or service to the market, adding value at each stage.