Examlex
The president is not elected by popular vote but instead is selected by the Electoral College, whose representatives are appointed by state delegations.
Repeat Purchasers
Customers who buy a product or service more than once, indicating loyalty or satisfaction with the product or service.
Product Life Cycle
The stages a product goes through from its initial introduction into the market, through growth and maturity, and eventually into decline and discontinuation.
Marginal Competitors
Firms or entities that operate at the edge of a market with minimal impact on the leading competitors' market share.
Product Life Cycle
The stages through which a product goes from its introduction into the market (launch), growth in sales, maturity, and finally its decline.
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