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Social Capital Is a Source of Strength to Many Firms

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Social capital is a source of strength to many firms.Firms leverage their social capital in an effort to create competitive advantages.The social capital of a firm is based on the


Definitions:

Low Barriers

Refers to the minimal obstacles or constraints in entering a market or sector, allowing for easier access for new competitors.

Standardized Products

Goods that are uniform in quality and characteristics, allowing them to be mass-produced and interchangeable.

Barriers To Entry

Elements that obstruct or discourage new entrants from smoothly accessing a market or business sector.

Monopolistic Competition

A market structure featuring many companies selling similar but not identical products, allowing for some degree of market power and product differentiation.

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