Examlex
Which of the following describe the commonly used alternative dispute resolution methods for avoiding litigation?
Marginal Revenue
The extra revenue received from the sale of an additional unit of a product or service.
Competitive Price-searcher
A market participant who actively seeks out the best price for goods or services among various competitors.
Product Variety
Product variety refers to the assortment of different goods and services that a company offers to meet varying customer needs and preferences.
Higher Prices
A scenario where the cost of goods or services rises, which can be due to increased demand, reduced supply, or inflation.
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