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Explain the challenge competition plays in creating value in the long run and what this means for the firm that wishes to create value in the long run.
Honesty
The quality of being fair and truthful, an essential component of ethical behavior and trust-building in personal and professional relationships.
Stereotyping
The tendency to generalize about people in a certain social category and ignore variations among them.
Aspects
Different parts, features, or components of a situation, idea, or object.
Perceptual Tendency
The inclination to perceive information, situations, or objects in a specific way based on past experiences and personal biases.
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