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Solve the following graphically. If necessary, round answers to the nearest thousandth.
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Retail Life Cycle
The progression of stages a retail business goes through from introduction to growth, maturity, and decline.
Growth And Decline
Refers to the phases of the business cycle or product life cycle where an entity or product experiences expansion in business activity or market share, and contraction or reduction respectively.
Retail Outlets
Physical or online stores where goods are sold directly to consumers.
Automated Stores
Retail outlets that operate automatically without the need for human staff, relying on technology like vending machines and kiosks for customer transactions.
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