Examlex
Walmart's, Sam's Clubs, and Costco are examples of:
Commercialization
The process of bringing new products or services to market, including production, distribution, marketing, and sales strategies.
Efficiency-Enhancing Innovations
Changes to existing products or ideas that make them lower cost.
Market-Creating Innovations
Innovations that generate new markets by fulfilling unmet needs or creating new categories of products or services.
New Class of Consumers
Emerging segments of the market population with distinct characteristics, behavior patterns, or purchasing preferences not previously accounted for.
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