Examlex
In the study of the demand for fast food, the two market characteristic variables, fast food outlet density and population density, are statistically significant.
Number of Firms
The total count of businesses operating within a particular market or industry.
Price Leadership
A strategy where the dominant firm in a market sets the price of goods or services, and other competitors follow suit, often seen in oligopolistic markets.
Industry Agreement
A collective consensus or a formal contract among companies within the same industry, often regarding standards, pricing, or other competitive practices.
Nonprice Competition
A marketing strategy in which a company tries to differentiate its product or service from competing products on the basis of attributes other than price.
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