Examlex
Which of the following is true for a perfectly competitive firm in the long run?
Competitive Advantage
A unique attribute or capability that allows an organization to outperform its competitors, creating greater value for its customers or stakeholders.
Agile Manufacturing
A method of manufacturing which emphasizes flexibility and adaptability to respond quickly to customer needs and market changes.
Boutique Engineering
Boutique Engineering refers to specialized engineering firms or departments that offer customized, high-quality engineering solutions, focusing on niche markets or specific client needs.
Customer-Driven Organisation
A business strategy focusing on creating value for customers by understanding and anticipating their needs and preferences.
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