Examlex
The automobile industry is characterized by many manufacturers and intense competition among them.This statement refers to ________.
Product Quality
The degree to which a product meets or exceeds customer expectations in terms of durability, reliability, and performance.
Incomplete Market
A situation where not all futures, options, or risk categories can be completely covered or hedged due to missing financial instruments.
Open Innovation
Practices and processes that encourage the use of external as well as internal ideas and internal as well as external collaboration when conceiving, producing, and marketing new products and services.
External Ideas
Concepts or innovations that originate outside an organization, which can be adopted and implemented to improve business operations or products.
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