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Unlike a Rock, a Reptile Can Sit in the Hot

question 8

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Unlike a rock, a reptile can sit in the hot sunshine without its body temperature soaring quickly. This is because the water in its body


Definitions:

Market Penetration

An indicator of the total sales or use of a product or service relative to the maximum potential market for that product or service.

Market Development

Strategies or activities aimed at finding new markets or expanding existing ones for a product or service.

Diversification

A strategy for managing risk that diversifies a portfolio by incorporating a broad range of investments to reduce the effect of any single asset's performance.

Market Penetration

A measure of the extent to which a product or service is recognized and bought by customers within a particular market.

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