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Koki, a production manager, was engaged in the development of a core component of a machine. He realized that the component would not be ready for QC testing as per the fixed deadline and suggested allotting two more weeks for its complete development or sending only a part of it for testing in the first cycle. Which two decision-making steps does this represent?
Market Opportunities
Circumstances or conditions in the market that a business can exploit to its advantage, such as gaps in the existing market or emerging trends.
Long-Term Growth
A strategic objective focused on increasing a company's market share, revenue, and profitability over an extended period, beyond immediate or short-term gains.
Marketing Plan
A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for the coming period, detailing specific actions to achieve marketing objectives.
Modifications
Changes or alterations made to a product or service, often aimed at enhancing its performance, appearance, or functionality.
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