Examlex
________________ decision making allows managers at lower levels to make and implement key decisions pertaining to their areas of responsibility.
Qualitative Research
A research method focused on understanding phenomena through observation and interpretation, often involving interviews, focus groups, and content analysis to gather non-numerical data.
Highly Competitive
Refers to markets or industries where numerous competitors vie closely for customers and market dominance.
Newly Invented
Products, services, or concepts that have been created or developed for the first time, introducing new possibilities or solutions.
Market Research
The act of acquiring, analyzing, and making sense of data pertaining to a market, involving details about possible customers and rivals.
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