Examlex
____ computing is the connection of remote servers hosted on the Internet to store and process data,instead of storing the information locally on a personal computer or device.
Barriers To Entry
Factors that prevent or hinder companies from entering a particular market or industry.
Barriers To Exit
Factors that make it difficult or costly for a company to leave a market or industry.
Competitive Industry
An industry characterized by many firms competing with each other by offering similar products or services, typically resulting in benefits for consumers through lower prices and higher quality.
Economic Profits
Economic profits represent the surplus revenue after all costs, including opportunity costs, have been deducted from total revenues, reflecting the real profitability of a venture.
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