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Skin color is a common characteristic used in the United States to separate individuals into different groups. Create a list of racial stereotypes for three groups in the United States, listing characteristics other than skin color that are often included. How does this list make you feel after having studied this chapter?
Competitive Advantage
The facet of a business that it does better than all of its competitors.
Escalation Lease
A lease agreement that includes provisions for rent increases over the lease term.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
A Lease
A contractual agreement where one party (the lessor) allows another party (the lessee) to use an asset in exchange for payment over a specified period.
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