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Production Function
An economic model expressing the relationship between inputs (like labor, capital) used in production and the output of those production processes.
Differentiation
The process of distinguishing a product or service from others, to make it more attractive to a particular target market.
Product Innovation
The development of new or significantly improved goods or services to meet consumer needs or market demands.
Functionality
The range of operations that can be performed by a product, system, or service, especially according to user requirements and needs.
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