Examlex
From a multicultural perspective, some clients may reject this approach because:
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over competing brands due to preference or satisfaction.
Monopoly Power
The ability of a single producer or seller in a market to control prices and exclude competition, often leading to less choice and higher prices for consumers.
Cartels
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize profits collectively.
Secret Price Concessions
Secret price concessions involve undisclosed discounts or benefits offered by a seller to a buyer, often to secure a deal or foster loyalty without publicly affecting the listed price.
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