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Bern, a salesperson at a Carpet & Tile store, tells Dan, a customer, "Buy your flooring here, and I'll install it for less than the store would charge." Dan buys carpeting, which Bern installs for half the store's price. Bern keeps the money. With respect to the store, Bern has breached
Decline Stage
The decline stage is a phase in the product life cycle characterized by a decrease in sales and market share, often leading to the eventual withdrawal of the product from the market.
Product Mix
The variety of products a company produces or sells, encompassing diversity in types, sizes, and options.
Consumer Products
Goods produced for personal use by the general public.
Professional Products
Goods designed specifically for use by businesses and professionals, often characterized by higher quality and greater durability than consumer products.
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