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________ Occurs When a Firm Proactively Seeks to Create a New

question 7

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________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.


Definitions:

Patent Act

Legislation governing the granting of patents for inventions, including how patents are applied for, issued, and enforced.

Automatic Backscratcher

A device designed to automatically scratch one's back without the need for manual effort; intended for convenience.

Marketing

The process of exploring, creating, and delivering value to meet the needs of a target market with profit.

Sustainable Development

Progress that satisfies current requirements without limiting future generations' capability to fulfill their necessities.

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