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How do businesses identify and capitalize on market opportunities to achieve growth and success?

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Businesses identify and capitalize on market opportunities to achieve growth and success through various strategies such as market research, analyzing trends, competitive analysis, customer feedback, and innovation. By understanding the needs and preferences of their target market, businesses can tailor their products or services to meet demand effectively. Additionally, businesses can collaborate with partners, explore new markets, and adapt to changing consumer behaviors to capitalize on opportunities for growth and success.
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