Examlex
What strategy is characterized by significant cost reductions,the layoffs of employees,the closing of poorly performing stores,offices,or manufacturing plants,or the closing or selling of entire lines of products or services?
Accelerated Development
A strategy employed to speed up the process of product development and market introduction in order to leverage competitive advantages.
Retail Life Cycle
The progression of stages through which a retail business or product category goes, from introduction and growth to maturity and decline.
Obsolescence
The process by which a product, service, or technology becomes outdated or no longer useful due to advancements or changes in consumer preferences.
Market Share
A particular company or product's hold on a market segment, commonly quantified by its percentage of the market's total sales.
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