Examlex
How did the cultural and intellectual outlook of postmodernism dovetail with Americans' attitudes about race, ethnicity, and identity of the late 1990s and the early twenty-first century? What were some of the literary, artistic, and architectural examples of this period that reflected elements of the postmodern mind?
Excess Capacity
A situation in which a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiency and increased costs.
Over-Differentiation
The excessive creation of variations of products that confuse rather than satisfy consumer needs.
Peak Efficiency
The state of operating at maximum productivity with the lowest waste of resources or effort.
Non-Price Competition
Strategies used by companies to attract customers based on factors other than price, such as quality, service, and brand loyalty.
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