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Edison noticed that prices at a new video game rental website were lower than those at most of the other gaming websites or retail stores such as Game Stop. He is exhibiting
Standardization Strategies
Approaches adopted by companies to make their products or services uniform across different markets to achieve cost efficiency and brand consistency.
Adaptation Strategies
Involves adjusting business strategies or products to accommodate changes in the market, environment, or consumer behavior.
Economic Environment
The economic factors that impact the operation and performance of businesses, including inflation, interest rates, economic growth, and unemployment rates.
Countercyclical Sales
Countercyclical sales refer to revenues generated from products or services whose demand increases during economic downturns, opposite to the general market trend.
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