Examlex
An employee who is employed under a collective bargaining agreement is considered to be an at-will employee.
Product Differentiation
The practice of highlighting the unique features of a product or service to increase its appeal to a targeted market segment.
Price Wars
A competitive situation in which retailers repeatedly cut prices in order to undercut each other, often to the detriment of profit margins.
Tacit Agreements
Unspoken, unwritten mutual understandings or arrangements between parties.
Tit-For-Tat Strategy
A strategy in game theory where a player replicates the opponent's previous action, often used in conflict resolution and cooperative scenarios.
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