Examlex
A ________ strategy specifies how the market will be segmented and how the product will be positioned,priced,and promoted.
Collusion
A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.
Barriers to Entry
Obstacles that make it difficult to enter a given market, potentially including high startup costs, strict regulations, or strong competition.
Few Firms
In markets characterized by few firms, also known as oligopolies, a small number of companies dominate the industry, leading to limited competition.
Prime Rate
The interest rate that banks charge their most creditworthy customers, often used as a benchmark in lending rates.
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