Examlex
What is the purpose of responsive web design?
Productive Efficiency
A scenario where goods or services are produced at the lowest possible cost and with maximum efficiency in resource usage.
Nonprice Competition
Strategies companies use to differentiate their product or service based on features, service, quality, or brand image rather than price.
Economic Profits
The net amount remaining when all costs, both obvious and not, are subtracted from the total income.
Differentiated Products
are goods or services that are distinguishable from each other on the basis of quality, features, or branding, leading to non-price competition among firms.
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