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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:

Industrial Output

The total volume of products and services produced by the manufacturing sector of an economy.

Legislation

Laws or statutes enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict various activities.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

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