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Why Is It Necessary, in a Formal Report, to Include

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Essay

Why is it necessary, in a formal report, to include a section that gives the background of the situation or the history of the problem?


Definitions:

Base Of The Pyramid

A concept that targets the largest but poorest socio-economic groups in a given population, focusing on providing affordable products and services.

Unmet Needs Trap

A situation where organizations focus on immediate customer needs without anticipating future demands, potentially hindering long-term innovation.

Base-Of-The Pyramid Markets

The largest, but poorest socio-economic groups in the world, considered as potential consumers, people living on less than $2.50 a day.

Benefit Corporations

A legal structure for a business designed to prioritize social and environmental objectives in addition to profitability.

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