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In the initial introduction of the Prius, Toyota put much effort into building awareness of the emerging need for hybrid cars and also educating potential customers about what a hybrid car actually is. This is an example of the ________ stage in the AIDA model.
Participatory Process
A decision-making approach that involves input and active involvement from all stakeholders or group members.
Budgeting
The process of creating a plan to spend your money over a specified period, outlining projected income and expenses.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specified period, helping manage cash flow and liquidity.
Capital Expenditures Budget
A budget that outlines planned investments in long-term assets and projects, emphasizing spending on acquiring or upgrading physical assets.
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