Examlex
Which of these is a macroenvironmental factor?
Sophisticated
Characterized by a high level of complexity, refinement, or development, often resulting from extensive experience or knowledge.
Product Innovation
The process of creating new products or significantly improving existing ones, often to meet new customer needs or market demands.
Competitive Advantage
The attribute or set of attributes that allows an organization to outperform its competitors, providing greater value to its customers or operating more efficiently.
Flexibility
The quality of being able to adapt to new, different, or changing requirements and situations.
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