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When a Firm Attempting to Create Unique Products or Services

question 4

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When a firm attempting to create unique products or services for particular market niches,in order to achieve relatively high profit margins,this is best known as


Definitions:

National Cultures

The shared customs, traditions, behaviors, and beliefs characteristic of a particular country or group of people.

Structured VS. Unstructured

A comparison between organized, clearly defined methods and those that are more flexible, lacking specific procedures or rules.

Constructive Stress

A level of stress that leads to positive effects, such as improved focus and enhanced productivity.

Destructive Stress

Refers to excessive levels of stress that impair an individual's health, well-being, and performance, as opposed to constructive stress that can stimulate motivation.

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