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When LeAnn called on a long-time customer,she realized that the man was upset about the loss of his pet and took the time to listen to his problem.She was able to sympathize with the customer's recent loss of a pet by using her:
Localized Markets
Areas where businesses sell products or services within a specific geographic region or demographic.
Herfindahl Index
A measure used to calculate the concentration of market power within an industry by summing the squares of the market shares held by each competitor.
Market Power
The ability of a firm or group of firms to influence or control the terms and conditions of the market to their advantage, often through controlling supply, manipulating prices, or creating barriers to entry.
Technologically Progressive
A characteristic of firms or economies that consistently adopt and implement new technologies, leading to growth and development.
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