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Paricutin Is an Example of a ________

question 31

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Paricutin is an example of a ________.


Definitions:

Product Development

Product development is the complete process of bringing a new product to market, encompassing idea generation, concept testing, design, engineering, production, and marketing.

Market Development

Market development is a growth strategy where a business seeks to sell its existing products into new markets to attract additional customers.

Diversification

The process of a business enlarging or varying its range of products or field of operation to reduce risk and increase profit.

Market Penetration

Strategies aimed at increasing the market share of a product or service within existing markets.

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