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In the BCG Approach, ________ Are High-Share, High-Growth Businesses or Products

question 22

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In the BCG approach, ________ are high-share, high-growth businesses or products. They need heavy investment to finance rapid growth. When their growth slows down, they turn into ________.


Definitions:

Cash Crop

A crop produced primarily for sale rather than for the farmer's own use, often generating significant income for farmers and economies, examples include tobacco, cotton, and sugar cane.

General Stores

Local retail establishments that carry a wide variety of goods including food, clothing, and household items, particularly relevant in rural areas of the 19th and early 20th centuries.

Farm Families

are households that engage in agriculture, managing farms for the production of crops and raising livestock, often spanning multiple generations.

Irish Immigrants

People from Ireland who moved to another country, especially noticeable in the 19th and early 20th centuries to the United States, due to famine and economic conditions.

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