Market Segmentation:The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing mixes.
Resource Planning:An aspect of operations management where businesses forecast their needs for resources, including materials, labor, and production capacity, to meet their production goals efficiently.
Technological Innovation: The process of developing new technologies or applying existing ones in novel ways to improve products and processes, enhancing productivity and competitiveness in the market