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The nurse is asked to explain acupuncture to a person. Which of the following statements concerning acupuncture would the nurse include in the explanation?
Threat of Substitute Products
The potential risk that consumers might replace a company's product with similar goods or services from another provider.
Degree of External Competition
The extent of competition that a business faces from other companies within the same industry or market.
Operational Growth
The expansion of a company's operational capacity, often leading to increased output, efficiency, or market share.
Strategic Planning
The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.
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