Examlex
Which type of conflict do we most often encounter in everyday life?
Follower Strategy
A market approach where a company chooses to enter a market by following in the footsteps of pioneers, often adapting and improving existing products or services.
Existing Product
A product that is already available in the market, as opposed to a new or forthcoming product.
Improved Version
An updated iteration of a product that is enhanced to offer better performance, additional features, or other improvements over the original.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
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