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Is a System Based on Local Customs and Precedent,and Serves

question 13

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is a system based on local customs and precedent,and serves as the basis for contemporary legal systems in the United Kingdom (except Scotland) .


Definitions:

Emergent Strategies

Emergent strategies develop over time as managers learn from and respond to experience.

Managerial Learning Curve

The process by which managers gain experiential knowledge that improves their decision-making, efficiency, and effectiveness over time.

Unrelated Diversification

A business strategy where a company expands into industries or markets that are not related to its existing business activities.

Acquiring New Businesses

The process by which a company purchases or takes over other businesses to expand its operations, market reach, or product offerings.

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