Examlex
Voice output communication can be
Excess Capacity
Plant resources that are underused when imperfectly competitive firms produce less output than that associated with achieving minimum average total cost.
Product Differentiation
A marketing strategy that businesses use to distinguish their products or services from those of competitors.
Competitive Element
A factor that distinguishes a company in the marketplace, often related to quality, price, or innovation, aiding in achieving a competitive advantage.
Elastic Demand
A situation in which the quantity demanded of a product or service changes significantly in response to a change in price.
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