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The Radical Transformation from Craft Production to Industrialization Happened in the Late

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The radical transformation from craft production to industrialization happened in the late 17th century.


Definitions:

Core Areas

Essential, fundamental regions or segments within a field of study, organization, or project.

Niche Market

A focused, targetable portion (segment) of a market characterized by specific and specialized needs and preferences.

Segmented Market

A marketing strategy that involves dividing a broad target market into subsets of consumers with common needs, interests, and priorities.

Diversified Market

A market that includes a wide range of different products, services, or investment opportunities.

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