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E-Lab (The "E" Stands for Experience) Has Project Teams Perform

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E-Lab (the "E" stands for experience) has project teams perform field research for its clients. Project teams at E- Lab have designed a new over-the-counter cold medicine by studying the process of how people get sick; they have helped create a new station wagon for a major carmaker; and they have helped backpack maker JanSport design a completely new way of displaying its products in sporting goods stores. You can expect E­Lab's project teams to be ____.

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Definitions:

Individual Shops

Small retail outlets owned or operated by individuals or families, often offering specialized goods or services.

Forward Auctions

Auctions that sellers use as a selling channel to many potential buyers; the highest bidder wins the items.

Lower Prices

A pricing strategy adopted by businesses to attract more customers by offering goods or services at reduced costs compared to competitors.

Group Purchasing

The aggregation of purchasing orders from many buyers so that a volume discount can be obtained.

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