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The observation that over time demand curves become more elastic is labeled:
Implementation
The process of putting a plan or strategy into operation.
Strategic Planning
The process of defining a company’s direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.
Marketing Strategy
A comprehensive plan formulated by businesses to achieve specific marketing objectives, through targeted actions and resource allocation.
Target Market
A specific group of consumers at whom a company aims its products and services, identified through factors like demographics, behaviors, and preferences.
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