Examlex
Which of these statements is true?
Commoditization
The process where products become indistinguishable from each other in the eyes of the consumer, leading to competition primarily on price.
Protectionism
Protectionism is an economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations.
Exploitation
The act of making use of resources or advantages for one's own benefit, often without regard for ethics or fairness.
Skimming Strategy
A pricing strategy in which a company charges the highest initial price that customers will pay and then gradually lowers the price to attract more price-sensitive customers.
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