What Are Relays and Contactors

question 19

Essay

What are relays and contactors?

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Definitions:

Macroenvironment

The external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies.

SWOT Analysis

A strategic planning tool used to identify a company's Strengths, Weaknesses, Opportunities, and Threats.

Concentration Strategy

A business approach focusing on a single line of products or services to achieve competitive advantage and growth.

Business Area

A specific domain within an organization or market where distinct products or services are developed, marketed, and managed.