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As the advertising person on an IMC project, you have been asked by the public relations department to recommend the printing process they should use for 600 T-shirts to commemorate your company's involvement in the National Day of Caring. You suggest that they go with:
Environmental Scanning
Environmental scanning is the process of systematically gathering, analyzing, and managing external information about factors that could impact an organization's ability to succeed.
Competitive Advantage
An attribute or combination of attributes that allows an organization to outperform its competitors, achieved through cost leadership, differentiation, or focus strategies.
Hypercompetition Environment
A market condition characterized by rapid and continuous changes in competitive rules and strategies, leading to aggressive competition that exceeds traditional levels.
Perfect Competition Environment
A theoretical market structure where all companies sell an identical product, market share does not influence prices, and all participants are price takers in a perfectly competitive market.
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