The Accumulation of Information,skills,and Strategies That Are Learned Through Experience

question 36

Short Answer

The accumulation of information,skills,and strategies that are learned through experience and can be applied in problem-solving situations is known as __________ intelligence.

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Definitions:

Loyalty Programs

Marketing strategies designed by businesses to encourage repeat customers by offering rewards, discounts, or other incentives.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often associated with cultural and economic integration.

Competitive Forces

Elements in the external environment that influence an organization's competitive position, including competition, customer power, supplier power, the threat of new entrants, and the threat of substitute products or services.

Porter

Michael Porter, a renowned economist known for his theories on economics, business strategy, and competitive advantage.