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Describe Some Competitive Advantage Strategies That Are Based on Business

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Essay

Describe some competitive advantage strategies that are based on business processes.


Definitions:

Memory Chunk

A cognitive strategy where individual pieces of information are grouped together into larger units, making them easier to remember.

Retrieval Cue

Stimuli or prompts that aid the recall of information stored in memory.

Chunk

In psychology, a unit of information organized in memory, often used to enhance recall through techniques like chunking.

Rehearsal

The practice of repeatedly going over material in one's mind or through behaviors, to strengthen memory or skill.

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