Examlex
A voucher system establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.
Import Competition
The competitive pressure on domestic companies from foreign products and services entering the domestic market.
Oligopoly
A market structure characterized by a small number of large firms that dominate the market, leading to limited competition and the potential for collaborative behavior.
Differentiated Product
A product that is distinguished from similar products offered by competitors through unique features, branding, or quality, allowing the company to potentially command a higher price.
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