Clear Vision Inc.has been the market leader for vision care products such as eyeglasses and lenses.It has also recently developed the use of laser technology to correct eye defects.Due to its prior related experiences,it has been successful in recognizing the value of new information and using it to develop new technologies ahead of others.This phenomenon is called:

Question

Quizplus · Accepted Answer

The phenomenon described is absorptive capacity, which refers to an organization's ability to recognize and utilize external knowledge or information to develop new products or technologies, as Clear Vision Inc. has done.