Examlex
The removing or phasing out of regulations is referred to as
Price Competition
The focus on setting a product price as the primary competitive strategy to attract customers in a market.
Video Game Console
A specialized electronic device designed to play video games that connect to a television or other display media.
Price Leader
A company that determines the price levels in the market due to its dominant position or competitive strategies.
Competitors' Prices
The cost at which rival businesses offer similar goods or services in the market.
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