Examlex
The rising price of oil has made it feasible to extract oil out of oily sand in Canada.Concerning the oil market this is an example of
New Rivals
refers to competitors that enter a market and challenge existing firms with their products, services, or business models.
Cartel
An association of manufacturers or suppliers with the purpose of maintaining high prices and restricting competition.
Differentiated Product
A product that is distinguished from similar products offered by competitors because of unique characteristics or features.
Homogeneous Product
A product that is identical or almost identical in features, functions, and quality across different suppliers.
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