Examlex
Assume that pencils and pens are substitutes.If the price of pencils rises, then we will see
Low-Cost Provider
A business strategy where a company offers products or services at a lower price than its competitors, aiming to capture market share or cost leadership.
E-Commerce
The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
Market Position
A term that describes the standing of a company or its products in a particular market relative to its competitors, often measured by market share.
Growth
The process of increasing in size, quantity, value, or strength, often used in reference to businesses, populations, or economies.
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