Examlex
How long will it take for 75% of the carbon-14 atoms in a biological sample to decay to nitrogen-14?
Economies of Scale
Cost advantages obtained due to increased production levels, where the cost per unit of production decreases as the volume produced increases.
Economies of Scope
Cost advantages that a business obtains through the diversification of product lines, enabling more efficient use of resources.
Behavioral Target Marketing
A marketing strategy that uses consumer behavior, including browsing and purchasing history, to tailor advertising and promotions.
Niche Marketing
A targeted marketing strategy focusing on a specific segment of the market that has unique preferences or needs, aiming to become a big fish in a small pond.
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