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Discuss the creation of a marketing plan. What are the major components of a marketing plan?
Production Possibility Frontier
A chart that outlines the utmost production possibilities for two types of goods, contingent upon a selection of resources and other conditions.
Technology Improvement
Enhancements or innovations in technology that increase productivity, efficiency, and product quality in various sectors.
Economy
The system of production, consumption, and distribution of goods and services in a particular geographic region or country.
Production Possibility Frontier
A chart representing the ultimate production possibilities of two items, given certain inputs and the current state of technology.
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