According to C. K. Prahalad and His Associates Introduced a New Concept

question 37

True/False

According to
C. K. Prahalad and his associates introduced a new concept into the discussion of developing countries and markets-bottom-of-the-pyramid markets (BOPMs)-consisting of the 4 billion people across the globe with annual incomes of less than $1,200.
C. K. Prahalad, the global market consisting of the 4 billion people across the globe with annual incomes of less than $1,200 is termed subsistence market.

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Definitions:

Concise Language

A way of speaking or writing that is clear and brief, using the fewest words necessary without losing meaning.

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Garden Hose

A flexible tube used for conveying water, typically used for gardening and outdoor cleaning tasks.

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The tubes in the body through which blood flows, including arteries, veins, and capillaries.