In business, developments can refer to anything from new products and services to changes to the company’s management. Major developments can have a significant impact on a company’s performance, and can often result in a shift in the company’s competitive position.
In the retail sector, for example, developments such as the rise of online shopping and the growth of discounters such as Walmart and Target have led to a decline in sales at traditional department stores. Meanwhile, retailers such as Amazon and eBay have been able to benefit from this trend by developing their own online stores.
Other developments that have had a significant impact on the business world include the spread
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