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short essay 114

Lecture #1 discussed external (market) circumstances that affect firms as they pursue innovation as a way of strengthening their competitive position. Lecture #2 discussed service innovations versus innovation of physical products. Discuss one feature that distinguishes services from physical products. And then explain how economies of scale affect an innovative service firm position in the market. Use an example if that helps you answer the question.

Write no more than 500 words. Use at least one reference

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