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Billy opens a bicycle shop that sells an innovative new kind of bicycle.He decides to call the bicycles "Bicycles." Billy extensively markets his product,has a high sales volume and becomes well known for selling Bicycles.The term Bicycle
Reminder Ad
A type of advertising designed to keep a product or brand in the minds of consumers, often seen in later stages of product life cycle to maintain customer awareness.
Previous Knowledge
The information, understanding, and skills that a person has gained through experience or education before learning something new.
Differentiation
The process of making a product or service stand out from competitors by emphasizing its unique qualities.
Cadillac Escalade
A luxury SUV brand produced by General Motors, known for its spacious interior and premium features.
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