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Solve the problem.
-After a new product is launched the cumulative sales (in weeks after launch is given by
Determine the amount of time for the cumulative sales to reach . Round to the nearest week.
Market Penetration
A growth strategy where a company focuses on selling existing products within existing markets to gain a higher market share.
Product Development
The process of creating, designing, and rolling out new products or improving existing ones to meet customer needs.
Diversification
A strategy for managing risk that diversifies by incorporating a broad range of investments in a single portfolio.
Market Development
A growth strategy where a company seeks to increase sales by promoting existing products in new markets or new segments of current markets.
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