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Key Concepts: Every business is unique and that there may be no formulation for achieving aggressive advantage; firms should adopt a flexible planning and evaluate process that goals to deal with strategic surprises and rapidly developing threats; management’s focus is on find out how to deliver superior buyer worth; highlights the important thing function of marketing as the link between clients and the organisation.
With increasing globalization, the fact that corporations now operate in a worldwide arena means that they should have the knowledge of how macroeconomic developments affect microeconomic choices and hence, one of the topics that enterprise economics studies is the interaction between worldwide trade, exchange rates, and globalization.
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