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No-Name Brand
Products that are sold without a brand name, often packaged plainly and priced lower than branded counterparts, focusing on basic functionality.
Professional Chefs
Skilled individuals who are trained in the art of food preparation, cooking, and presentation in a professional setting.
Prevent Arbitrage
Measures taken to stop the practice of buying a product in one market at a low price and selling it in another at a higher price to profit from the price difference.
Indirect Price Discrimination
A pricing strategy where different prices are charged for the same product or service in different markets or segments, not directly based on customer characteristics but indirectly through product versioning, location, or other non-personal factors.
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