Examlex
__________ is the process of selecting a course of action that will solve a problem.
Entrepreneurial Firms
Businesses characterized by innovative strategies, processes, and a risk-taking mindset aimed at market impact and growth.
Survival
The ability of an organism, individual, or organization to continue existing and functioning in spite of environmental challenges or threats.
First-Mover Advantage
The advantage in competition acquired by the first major player in a market niche.
Market Niche
A specific segment of the market on which a business focuses its products or services, often defined by unique customer needs or preferences.
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