Examlex
A skimming price strategy involves a low pricing policy intended to attract price-sensitive customers from competitors.
Producing
Producing involves the creation, manufacturing, or assembly of goods and services for sale or distribution.
Pairs
Two things considered together because of similarity, opposition, or adjacency; often used in context to describe complementary items or concepts.
Marginal Cost
The outlay for creating another unit of a product or service.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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