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Marginal Key Terms & Definitions
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competitive environment  Factors that pertain to an industry and affect firms' strategies.
complements  Products or services that have an impact on the value of a firm's products or services.
general environment  Factors external to an industry, and usually beyond a firm's control and understanding, that affect a firm's strategy.
strategic groups  clusters of firms that share similar strategies.
SWOT analysis  A framework for analyzing a company's internal and external environment, stands for strengths, weaknesses, opportunities, and threats.







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