Examlex
Which of the following is a comprehensive tool for communication?
Excess Capacity
The situation in which a business can produce more goods or services than currently demanded, often leading to inefficiencies.
Product Life Cycle
The progression of a product through stages of introduction, growth, maturity, and decline in the market.
Commoditization
The process by which unique products become indistinguishable from one another in the eyes of the market, often leading to competition based primarily on price.
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