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The Development of a Marketing Strategy Typically Involves Three Steps

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The development of a marketing strategy typically involves three steps.List and briefly describe each of these steps.


Definitions:

Groceries

Items of food and other household necessities that are purchased from a grocery store or supermarket.

Parcel

A package or bundle of items wrapped or boxed together, typically for shipping or delivery.

Constant Minimum Proportion

An unwavering, smallest fraction or amount of something in relation to a whole.

Weber's Law

A principle stating that the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

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