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Online Banking
A service provided by banks that allows customers to perform financial transactions remotely via the internet.
Entry Barrier
Product or service feature that customers expect from organizations in a certain industry; an organization trying to enter this market must provide this product or service at a minimum to be able to compete.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.
Buyer Power
The influence that customers have over a producing industry, often determining the market value and ensuring that services and products meet their needs.
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