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A person looks at an object and thinks,"The object is red,shiny,round,and has a stem.The object must be an apple." This is an example of:
Market Share
The percentage of an industry's sales that a particular company or product commands within a specific time period.
Satisfied Customers
Individuals who have had their expectations met or exceeded by a product or service, leading to a positive perception of the business.
Strategic Planning
The process of defining a business’s strategy or direction, and making decisions on allocating its resources to pursue this strategy, often based on its mission, vision, and goals.
Environmental Analysis
The process of evaluating the external factors that can affect an organization's success, such as political, economic, social, and technological factors.
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