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A(n)__________ Occurs When a Firm Moves Faster Than Its Competitors

question 8

Short Answer

A(n)__________ occurs when a firm moves faster than its competitors in spotting and exploiting a new market or previously unrecognized niche in the market.


Definitions:

Stimuli

External or internal factors that provoke a response in the nervous system or other bodily systems.

Cognitive Powers

The capacity of the brain to perform mental activities, including reasoning, problem-solving, and decision-making.

Early Adulthood

A life stage roughly spanning the ages of 20 to 40, characterized by physical maturity, increased independence, and the establishment of personal and professional relationships.

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people grow from infants to adults.

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