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Draw the graph of
Wheel of Retailing
A theory that describes how retail outlets begin at the low end of the market and gradually upgrade their facilities and offerings to move upmarket.
Pricing Cycle
The recurring pattern of changes in price levels for products or services, often influenced by demand, supply, and other market conditions.
Product Life Cycle
The progression of a product through stages from introduction to growth, maturity, and decline.
Growth Stage
The growth stage refers to a phase in a company's lifecycle characterized by rapid revenue and customer base expansion, often seen in the business development cycle.
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