Examlex
Real-time processing occurs when similar transactions are grouped into a batch and that batch is processed as a group.
Unique Product
A product that stands out from others due to its distinctive characteristics, features, or innovation.
Competitive Advantage
The unique positioning and strategy that enable a business to generate greater sales or margins than its competition.
Barriers to Entry
Economic, procedural, or regulatory hurdles that inhibit new competitors from easily entering an industry or area of business.
Social Progress
The advancement of society through improvements in education, healthcare, technology, and standard of living, among other factors.
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