Examlex
In terms of e-commerce,a value-added incentive is used to cause consumers to change purchasing habits in the short term,so that convenience incentives can attract them to change long term buying habits.
Excise Tax
A tax imposed on specific goods and services, such as tobacco, gasoline, and alcohol, often used to discourage their use and generate revenue.
Restrictions on Advertising
Regulations or limitations placed on the content, timing, and medium of advertising to protect consumers and promote fair competition.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.
Monopolistic Competition
A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.
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