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Distinguish between the two-tier and three-tier client server model.Describe when each would be used.
Firm Sales
The total volume or value of all products sold by a company during a specific period.
Pure Competitors
Firms operating in a pure (or perfect) competition market, characterized by many buyers and sellers of a homogeneous product and freedom of entry and exit.
R&D
R&D stands for research and development, the process of investing time and capital in developing new products, processes, or services, or improving existing ones.
Competitive Industries
Industries in which multiple firms compete, often characterized by high levels of competition which drive innovation and efficiency.
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