Examlex
Define and give an example of three intensive strategies.
Innovating Company
A company that introduces new ideas, products, or methods to improve or transform its business operations.
Absolute Advantage
The ability of a country to produce a specific good or service more efficiently than any rival.
Opportunity Cost
The cost of the next best alternative that is foregone when making a decision.
Rival
An individual or entity competing against others for the same objective or for superiority in the same field.
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