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Explain how the "project management" factor influences the selection of a design strategy for a project.
Perceived Benefits
The recognized and valued positive outcomes that consumers believe they will receive from a product or service.
Perceived Costs
The costs that consumers believe they incur when making a purchase, which includes monetary, time, and psychological factors.
Market Penetration
The extent to which a product or service is recognized and purchased by customers in a particular market.
Product Development
Product Development involves refining and enhancing an existing product's features or developing new products to meet market demand or take advantage of market opportunities.
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