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Which of the Following Is NOT Generally Considered a Component

question 61

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Which of the following is NOT generally considered a component of a firm's competitive environment?


Definitions:

Innovation

The act of introducing something new or developing an improved version of a product, service, or process.

Invention

The creation of a new product, process, or idea that did not exist previously.

Production Process

The method or series of actions taken to manufacture, create, or produce goods and services.

Basic Scientific Research

Fundamental investigations aimed at acquiring new knowledge without a particular application or use in mind.

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