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The Product Area Is Concerned with Developing the Right Physical

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The Product area is concerned with developing the right physical good, service, or blend of both for the target market.


Definitions:

Graduate Business Programs

Advanced academic programs offered by universities that focus on business administration, management, and specialized business disciplines at the master's or doctorate level.

Increased Participation

The rise in the number or percentage of individuals involved in an activity, process, or sphere, such as increased public involvement in politics or community services.

Multicultural Marketing

Combinations of the marketing mix that reflect the unique attitudes, ancestry, communication preferences, and lifestyles of different races.

Marketing Mix

A set of controllable, tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.

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