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Parents Seldom Spend a Lot of Time Explaining to Their

question 6

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Parents seldom spend a lot of time explaining to their children how to ride a bicycle. Instead, they often get a bike with training wheels and let the children learn for themselves how to ride a bike. This is because our understanding about how to ride a bicycle is based on __________.


Definitions:

Marketing Costs

Expenses associated with promoting a company's goods or services.

Civil War

An internal conflict between groups within the same country, often over issues of governance, territory, religion, or ethnicity.

Production Era

A historical period in business thought where the main focus was on manufacturing and producing goods, with little emphasis on marketing or customer needs.

Market Orientation

An organization with a market orientation focuses its efforts on continuously collecting information about customers’ needs, sharing this information across departments, and using it to create customer value.

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