Examlex
An option is a contract that gives its holder the right to buy or sell an asset at a predetermined price within a specified period of time.
Location Specificity
The importance of a particular location in adding value to a product or service, often due to unique resources or qualities.
Company Specificity
Refers to the unique characteristics, resources, and capabilities that differentiate a company from its competitors, often driving competitive advantage.
Sustainable Competitive Advantage
An advantage over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits and services that justify higher prices.
Strategic Objective
Long-term goals that an organization seeks to achieve, which are designed to guide its direction and decision-making processes.
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