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A General Term Used to Describe Groups Based on Mutual

question 7

Multiple Choice

A general term used to describe groups based on mutual similarity or evolutionary relatedness is ______.


Definitions:

Dynamically Continuous Innovation

A type of innovation that has a moderate impact on existing consumer habits and behavior, requiring some learning or change.

Discontinuous Innovation

A type of innovation that creates a significant change in the way a market operates, often by introducing a new product or service that creates a new market.

Continuous Innovation

Gradual improvements or minor changes in products or processes that aim to sustain or enhance market competitiveness.

Market Modification

Strategies businesses use to alter the perception or structure of a market to expand the potential customer base, which may include creating new use cases for products or targeting new demographics.

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