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When an Existing Firm Creates a New Venture or Develops

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When an existing firm creates a new venture or develops an innovation, it is said to be engaging in


Definitions:

Activity P

A specific task or action within a project or process that is identified by the letter 'P.'

Net Revenue

The amount of money a company receives from its activities after subtracting the cost of returns, allowances, and discounts.

Total Profit

The total amount of money a company earns after subtracting the costs associated with producing and selling its products or services.

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