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Some Firms ____________________ by Developing Their Own New Products and Services

question 159

Short Answer

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.


Definitions:

Molecule

A molecule refers to the smallest unit of a chemical compound that can exist independently while retaining the composition and chemical properties of the compound.

Competitive Edge

Advantage that allows an organization to outperform its competitors, often through superior products, services, or efficiencies.

Weak Ties

Social connections that are not very strong or close but can be important for spreading information or opportunities.

Green Chemistry

The design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances.

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