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Create a Chart Outlining the Evolution of Modes of Transportation

question 29

Essay

Create a chart outlining the evolution of modes of transportation over the past 200 years.Has the tourism
industry seen stagnation in the creation of new methods of travel? If so,how can the industry continue in a growth pattern? Discuss.


Definitions:

Understanding Your Customer

The process of gaining insights into customers' needs, preferences, and behaviors to tailor products or services accordingly.

Diversity of Product

The range or variety of different products offered by a business to cater to various customer needs.

Beachhead Market

An initial target market that a company focuses on penetrating to establish a strong presence before expanding to broader markets.

Crossing The Chasm

A marketing theory that describes the challenge of transitioning from early adopters of a product or service to a broader mainstream market.

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