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Which of the following is considered to be the oldest branch of engineering?
Market Segment
A distinct group of potential consumers who share similar needs, desires, and characteristics, targeted by businesses for marketing campaigns.
Cost-based Pricing
Setting the price of a product or service based on the cost of production and distribution plus a markup for profit.
Market Penetration
A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.
Growth Strategy
Plans developed by an organization to increase its size, revenue, market share, or competitive position.
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