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What is a gratuitous promise? Can such a promise support a contract?
Environmental Changes
Alterations in the surrounding conditions, including natural, social, economic, and political environments, that can impact individuals and organizations.
Product Life Cycle
The series of stages a product goes through from introduction to growth, maturity, and decline, affecting marketing, sales strategies, and profitability.
Price Competition
A market condition where businesses focus on undercutting competitors' prices to attract customers.
Profit Declines
A decrease in the difference between revenues earned and expenses incurred over a given period.
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