Identification. Give the term to what is described.
1. It refers to products or services that prospective buyers can buy and use that are similar to the desired product for a lesser price.
2. A strong competitive force when they comprise a large portion of the demand and purchase a sizeable percentage of industry products.
3. It is a conscious arrangement of rules to direct choices and accomplish objectives.
4. It is a conscious arrangement of rules to direct choices and accomplish objectives.
5. A planned course of actions taken that will guide an individual or group to achieve one or more goals.
6. It determines a course of action to achieve the set goals and objectives.
7. It exists when many sellers offers similar products that are not perfect substitutes for one another.
8. It is characterized as a deliberately formalized design of positions or jobs for individuals to fill in an organization.
9. It is a new product with the potential for success, but they need a lot of cash for development. (BCG Matrix)
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