Examlex
An example of an NIC is:
Cymbal Market
A niche market segment focused on the trade and distribution of cymbals, which are thin, round, metal plates used as musical instruments.
Product Changes
Alterations made to a product’s design, specifications, or features to improve performance, appeal, or to meet regulatory standards.
Universal Process Approach
A conceptual framework that suggests principles and processes used by managers are universally applicable to all organizations, regardless of type, size, or location.
Henry Fayol
A French engineer and management theorist who is best known for developing one of the earliest theories of management, emphasizing organizational structure, management process, and the key functions of management.
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