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Which social institution is widely considered to have the greatest effect on society as a whole?
Convenience Product
Everyday goods that are easily accessible, requiring minimal shopping effort, and are bought out of habit by consumers.
Specialty Products
Goods or services that have unique characteristics, often requiring a higher level of quality and branding to meet specific consumer needs.
Maturity Stage
A phase in the lifecycle of a product or business where growth slows, indicating a market that has been fully penetrated or is facing saturation.
Competitors' Customers
Individuals or entities that currently purchase goods or services from businesses competing within the same market.
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