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The sun shining on a tidal pool during a hot day heats the water. As some water evaporates, the pool becomes saltier, causing which of the following?
Property
Assets or belongings that are owned by individuals or entities and have value in an economic context, including real and personal property.
Competitive Forces
The external factors in an industry that influence the competitive environment and affect business strategies, including competition, potential new entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.
Operational Efficiency
The ability of an organization to minimize input costs while maximizing the level of output or production.
Overproduction
occurs when production exceeds the demand for a product, often leading to surplus and potential waste.
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