Examlex
An information system that allows suppliers to view a company's inventory in real-time would provide a competitive advantage due to product differentiation.
Substitution Effect
The change in consumption of goods that occurs when a price change for one good makes another good more or less attractive as a substitute.
Price Decrease
A reduction in the cost of goods or services, often resulting from factors like increased competition, lower production costs, or decreased demand.
Consumption
The use of goods and services by households.
Northeasterly
In or relating to the direction that is between north and east; often used to describe wind or weather patterns.
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