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One Way by Which Firms Differentiate Their Products Is to Find

question 67

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One way by which firms differentiate their products is to find a market niche.


Definitions:

Rapid Iterations

Rapid Iterations involve quickly repeating a cycle of designing, prototyping, and testing, allowing for quick feedback and adjustments to better meet user needs and project requirements.

Prioritized List

An organized enumeration of items, tasks, or objectives, sorted according to their level of importance or urgency.

IT Applications

Software applications designed to perform specific tasks or functions to support business operations or services, often part of an organization's information technology infrastructure.

Functions

Specific operations carried out by software or a piece of hardware designed to perform particular tasks.

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