Used widely by Indian companies,_______ refers to an innovation mind-set that strives to meet customers' needs quickly and inexpensively.

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Jugaad is a Hindi term that refers to improvisation or finding a low-cost solution to a problem using limited resources. It is widely used by Indian companies to foster an innovation mind-set that focuses on meeting customers' needs quickly and inexpensively. This approach is particularly relevant in developing countries where resources are scarce, and there is a need to overcome difficult challenges.

Used Widely by Indian Companies,_______ Refers to an Innovation Mind-Set