Examlex
Mobile means the technology can travel with the user; for instance, users can download software, email messages, and web pages onto a laptop or other mobile device for portable reading or reference. Information collected while on the road can be synchronized with a PC or company server.
Perfectly Competitive
A market structure characterized by a complete absence of rivalry among the sellers and it implies an industry or market in which many sellers offer identical products.
Benchmark Pricing
A method of pricing where a standard or reference price is used to set or compare the price of goods and services.
Similar Products
Goods that serve comparable purposes or needs and can be considered substitutes for each other by consumers.
Short Run
A period in economics during which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust.
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