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Explain compliance risks, using the example of a paint manufacturing company.
New-product Vitality
The measure of a company's ability to innovate and bring new products to the market successfully.
Explosive Growth
Rapid increase in sales, revenue, or market size, often experienced by companies in a short period.
New-product Strategy Development
The process of creating strategies for the designing, creation, and marketing of new products, focusing on identifying market needs and opportunities.
Strategic Marketing Process
The strategic marketing process involves planning marketing strategies to achieve business objectives, including situation analysis, target market identification, setting marketing goals, strategy formulation, and implementation.
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