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________ Is a Pattern of Responding to People and Objects

question 57

Short Answer

________ is a pattern of responding to people and objects in the environment.

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Definitions:

Customer Loyalty Program

A rewards program offered by a company to customers who frequently make purchases, designed to encourage ongoing business.

Sustainable Competitive Advantage

Something the firm can persistently do better than its competitors.

Patented Technology

A piece of technology that has been legally protected by a patent, granting its inventor exclusive rights to exploit it for a certain period of time.

Sustainable Competitive Advantage

A long-term advantage that a company possesses, which enables it to outperform its rivals consistently over time.

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