Examlex
Rice and potatoes are substitutes in consumption. If the price of rice rises and there is a bumper crop of potatoes, in the market for potatoes one would expect the equilibrium price to _____ and the equilibrium quantity to _____.
Separate Sales Forces
A strategy where a company divides its sales team into different groups, each focusing on selling specific products or serving particular market segments.
Decentralization
The distribution of administrative powers or functions across various levels within an organization, as opposed to having them concentrated at a single point.
Advantage
Advantage refers to a favorable position or condition that enhances the probability of success or effectiveness in a competitive environment.
Responsibilities
Duties or obligations that an individual or organization is required or expected to perform.
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