Examlex
A ________ is any activity that is vital to quickly delivering goods or services to customers or that promotes high quality or low cost.
Herfindahl Index
An economic measure of market concentration, calculated by summing the squares of the market shares of all competitors within an industry.
Industry Concentration
A measure of the extent to which a small number of firms dominate the total production, sales, or market share in an industry.
Elastic
A measure in economics indicating how much the demand or supply of a good changes in response to a change in price.
Marginal Revenue
The extra revenue gained by selling an additional unit of a product or service.
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