Examlex
Succeeding at active listening may be accomplished by using three simple techniques: 1)__________ the speaker's meaning,2)expressing __________ of the speaker's feelings,and 3)__________.
Natural Monopoly
A market condition in which a single firm can provide a product or service at a lower cost than any potential competitors, often due to economies of scale.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of the operation increases.
Exclusive Franchise
A business arrangement granting a single entity the right to market a company's goods or services within a specified territory.
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