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Between 1968 and 2010, the Lorenz curve of the United States became:
Market Development
Strategies aimed at increasing the market size for a product or service through new market segments or new geographies.
Market Penetration
A measure of the extent to which a product or service is recognized and purchased by customers within a particular market.
Market Penetration
A growth strategy where a company focuses on selling existing products within existing markets to gain a higher market share.
Product Development
The process of creating, designing, and rolling out new products or improving existing ones to meet customer needs.
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