Examlex
Rather than rely on the bartender to use the correct proportions of ingredients in mixed drinks, a bar owner installed a drink-mixing machine that automatically selects and measures the ingredients into the glass. This method is a type of
Purchasing Power
The ability of consumers or businesses to buy goods and services, often influenced by income levels, inflation, and economic conditions.
Indirect Competition
A process in which products provide alternative solutions to the same market.
Beverage Industry
A sector that specifically focuses on the production and distribution of drinks, including both alcoholic and non-alcoholic beverages.
Recession
A period of time during which overall gross domestic product (GDP) declines for two or more consecutive quarters.
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