Instructions: Please Define the Following Key Terms

question 84

Essay

Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Exodus

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Definitions:

Video Game Console

A specialized electronic device designed to play video games that connect to a television or other display media.

Price Leader

A company that determines the price levels in the market due to its dominant position or competitive strategies.

Competitors' Prices

The cost at which rival businesses offer similar goods or services in the market.

Potential Competitors

Potential competitors are businesses or entities not currently in a market but have the capability and interest to enter the market and compete for the same customer base.