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________ Are a Form of Product That Are Essentially Intangible

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________ are a form of product that are essentially intangible.


Definitions:

Promotion Opportunities

The availability and visibility of pathways for career advancement within an organization, often acting as a motivator for employee performance.

Centralization

The concentration of decision-making authority at the top levels of an organizational hierarchy.

Standardization

The process of developing and implementing technical standards to ensure that materials, products, processes, and services are fit for their purpose.

Specialization

The process of focusing on a specific area of knowledge or skill within a profession or field of study, leading to increased efficiency and expertise.

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