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Describe the main difference between the bounded awareness of individuals and the bounded awareness of groups.
Diversification
The process of a business expanding its operations or investment portfolio across new markets, products, or services to reduce risk.
Quantitative Goal
A target that can be measured and quantified, often involving specific figures or percentages that an organization aims to achieve.
SWOT Analysis
A strategic planning tool used to identify and assess strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Strategic Planning
The procedure of defining a business's direction and making decisions on allocating its resources to pursue this direction.
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