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What practical ramifications did these theories have?
Profitability
A measurement of the efficiency and effectiveness of a company at generating profits from its operations.
Competition And Profitability
The relationship between the competitiveness of a market and the ability of firms within that market to generate profits.
Competitive Forces
The external factors that influence the competitive position of a firm in an industry or market.
Interdependent
A situation where entities or individuals depend on each other, often seen in economic and social settings.
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