Examlex
With Sway,you can (select all that apply)
Close Substitutes
Products or services that can easily replace each other in the eyes of the consumer due to their similarities in function or utility.
Oligopoly
A market structure in which a few firms dominate, leading to limited competition and potentially higher prices and levels of cooperation.
Product Life Cycle
The stages a product goes through from development and introduction to the market, growth in sales, maturity, and eventual decline.
Market Segment
A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs, allowing for more targeted marketing strategies.
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