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The Smith children play board games every Friday night. What type of play are they demonstrating?
Diversification
A strategy in finance and business development that involves entering into a variety of markets or developing a range of products to minimize risks.
Product Development
The process of creating, designing, and bringing a new product to market.
Market Development
Market development is a strategic effort to expand into new markets or segments, aiming to increase the customer base for a product or service.
Diversification
A strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.
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