___________Is the Process by Which a New Category of People

question 36

Multiple Choice

___________is the process by which a new category of people or type of land use gradually predominates in an area formerly dominated by another group or activity.

• A) Diffusion
• B) Succession
• C) Gentrification
• D) Invasion

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Definitions:

Trade Promotion

Marketing activities executed to increase product demand among wholesaler, retailer, or distributor levels.

Fixed Cost

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance.

Managerial Levers

Tools or mechanisms that managers can use to influence the performance and direction of their organization, such as decision-making processes, organizational structure, and resource allocation.

Large Lots

Bulk quantities of goods, often purchased or produced to achieve economies of scale but can lead to increased storage costs and risks.