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VisionZed Inc., a computer software company, spends a lot of finances on research.It tries to implement the latest technologies available and provides services that are matchless when compared to any of its competitors.At the same time, Xtron Technologies Corp., another computer software company, pays half the price that VisionZed pays on research as it combines the intelligence of different software companies and creates its product.This enables Xtron to have a cost advantage over VisionZed.Xtron Technologies Corp.is an example of a company that eliminates steps in the _____.
Industry Life Cycle
The stages through which an industry goes from its inception to its decline, typically categorized as introduction, growth, maturity, and decline.
Necessities
Basic needs required for sustaining human life, such as food, water, shelter, and clothing.
Income
Money received, especially on a regular basis, for work or through investments.
Industry Life Cycle
A concept that describes the stages of growth and development that an industry goes through from inception, through growth, maturity, and eventually decline.
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