An individual firm desiring to obey the letter of the law while avoiding the effects of regulation may use

Question

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Creative response is the strategy that allows an individual firm to comply with the regulations and yet avoid the negative effects of it. This strategy involves identifying new ways of doing business that are aligned with the regulations and also offer benefits to the firm. This might involve innovative product design, production processes or distribution methods. This strategy can help firms gain competitive advantage, increase profits and satisfy regulators.

An Individual Firm Desiring to Obey the Letter of the Law