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The company's first commitment to its consumers results in products that consumers value and trust, leading to greater profitability.
This competence is as a result of both tangible and intangible resources. Tangible resources include research laboratories and equipment, as well as the company's human resources. These tangible resources lead to the pioneering quality of Johnson & Johnson's products. Intangible resources include the Johnson & Johnson brand name, which is intentionally recognized, as well as the company's reputation and intellectually property, such as patents and trademarks. Both these tangible and intangible resources arise as a result of innovations within the company, as well as the company's acquisitions...
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