Examlex
What business processes are supported by enterprise systems? Give specific examples.
Oligopolistic Industry
A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior and interdependence.
Optimal Strategy
The best course of action that maximizes benefits or minimizes costs under given circumstances, often used in decision-making and game theory.
Anticipate
To expect or predict something based on current trends or information.
Oligopoly
A market structure characterized by a small number of firms whose decisions about prices and output mutually influence one another.
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