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One of the Ways to Introduce Change into a Market

question 38

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One of the ways to introduce change into a market is to do it in slow gradual steps by making the new products as similar to the old ones as possible.This would be called a strategy of:


Definitions:

Situation Favorable

Circumstances or conditions that are advantageous or beneficial for a particular purpose or outcome.

Important Trends

Significant directions or developments in society, technology, economics, or within a specific field.

Empirical Research

A method of research that relies on observation and experimentation to collect and analyze data, often used to validate or refute theories or hypotheses.

Nonprofit Leadership

Strategies and practices employed by leaders within nonprofit organizations to drive their mission forward, manage resources effectively, and make a positive impact.

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