Explain Why a Company Must Focus on the Potential Product

question 60

Essay

Explain why a company must focus on the potential product to build a successful brand.

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Definitions:

Doubled

Increased by 100 percent or made twice as large in size, amount, or number.

Quadrupled

To increase fourfold, or to become four times as large in quantity or value.

Imports

Goods and services brought into one country from another for sale, often reflecting a country's demand for products that are not produced within its borders.

Labor Intensive

A type of production process that requires a high level of human labor compared to capital investment.