Smartphone manufacturer that has several competitors

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Gadgetbug Inc. is a popular smartphone manufacturer that has several competitors. The company places a lot of emphasis on innovation to ensure that its products have the best features. Moreover, the company frequently upgrades its products so that they offer the most recent technological functionality. Gadgetbug's competitors have also been trying to come up with technologically superior products. It can be said that Gadgetbug operates in a _____.

Reference no: EM131427610

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