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Reactions Proportionate to the Context Are Called

question 5

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Reactions proportionate to the context are called:


Definitions:

Form Utility

is the value added to products through the creation of features and function that make them more desirable to consumers.

Product Availability

The degree to which a product can be readily acquired by customers, often a critical factor in customer satisfaction and retention.

Specialization

The process of focusing efforts and resources on a narrowly defined area of expertise or activity, often resulting in increased efficiency and quality.

Market Concentration

The degree to which a small number of firms control the majority of market share in an industry.

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