Examlex
Identify the following term(s).
-Ibn Khaldun
Attracting New Buyers
The strategies and practices employed by businesses to appeal to and engage individuals or entities that have not previously purchased their products or services.
Repeat Buyers
Consumers who make multiple purchases from the same brand or vendor, demonstrating brand loyalty or satisfaction with the product or service.
Industry Wide Markets
Markets that span across an entire industry, affecting all organizations within that industry.
Low-Cost
Describes products or services offered at a price lower than the market average to attract cost-sensitive consumers.
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