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The demand for workers often rises in one region of the U.S. and falls in another. This illustrates
Product
A good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers’ needs and is received in exchange for money or something else of value.
Four Steps
A general process or procedure that involves four distinct stages or phases, often used in a variety of contexts such as problem-solving or project management.
Market Segmentation
The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.
Importance
The relevance or significance of something in a given context, often determining the priority or attention it receives.
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