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Figure 27.2
Identify the specified labeled structure(s) in each of the following questions.
-Identify the structure indicated by Label O.
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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