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Develop Your Own Explanation/theory as to Why Organizations Today Find

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Essay

Develop your own explanation/theory as to why organizations today find collaboration as important as competition, and why they have a tendency to take on similar characteristics. Would not collaboration be enhanced just as easily with organizations that had different characteristics?


Definitions:

Market Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors, who might require separate products or marketing strategies.

Marginal Cost

The upsurge in aggregate expenses that comes with making an additional good or service unit.

Demand

How much of a product or service buyers can and are prepared to buy at varying prices within a specific period.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.

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