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__________________ Is the Practice of Modifying Products So Those That

question 7

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__________________ is the practice of modifying products so those that have already been sold become obsolete before they actually need replacement.


Definitions:

Diversification

The process of allocating investments among various financial assets to reduce risk and improve potential returns.

Diversifiable Risk

A risk that can be reduced or mitigated through the diversification of investments in a portfolio.

Government Regulation

Laws and rules established by governmental agencies aimed at controlling the way businesses can operate within the economy.

Systematic Risk

A hazard inherent to the entire market or a market segment, which diversification cannot diminish.

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