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Name and Describe Four of the Strategies Business Owners Need

question 33

Essay

Name and describe four of the strategies business owners need to employ in order to remain distinctive in the eyes of the customers.


Definitions:

Market Penetration

A measure of the extent of sales or adoption of a product or service compared to the total theoretical market for that product or service.

Rapid Growth

A phase in which a company or economy experiences significantly faster-than-average increases in revenue or expansion.

Appreciating

The increase in the value of an asset over time, which can occur due to various factors such as inflation, changes in interest rates, or increased demand.

Exports

Products or services that are shipped from one country to another for the purpose of sale or exchange.

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