Examlex
Dave could not remember the last digit of his friend's cell phone number, so he kept trying different digits until he found the right one. In this scenario, which of the following methods did Dave use?
Advertises Heavily
A strategy where a product or service is promoted extensively through various media channels to increase consumer awareness and sales.
Natural Monopoly
A market situation where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.
Defining Characteristic
A feature that allows the clear identification or differentiation of an item or concept from others.
Associated Cost
Costs that are directly linked with a specific activity, process, or project.
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