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The demographic transition theory holds that
Durable Products
Goods that are intended to last for a significant period of time without deteriorating quickly.
Sophisticated
Characterized by a high level of complexity, refinement, or development, often resulting from extensive experience or knowledge.
Product Innovation
The process of creating new products or significantly improving existing ones, often to meet new customer needs or market demands.
Competitive Advantage
The attribute or set of attributes that allows an organization to outperform its competitors, providing greater value to its customers or operating more efficiently.
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