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Explain the remedy of specific performance.
Price Wars
A competitive strategy involving several companies lowering their prices in an attempt to undercut competitors, potentially leading to lower profit margins for all involved.
Market Segment
A subgroup of people or organizations with shared characteristics within a broader market that businesses target with specific products or marketing.
Promotion
All the activities that communicate the value of a product and persuade customers to buy it.
Market Share
The portion of a market controlled by a particular company or product.
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