Examlex
When asked to define the essential features of the category "bird," Jim thinks of a robin or cardinal while describing the class "bird." Jim is using __________ to define the category "bird."
Increase Profitability
Strategies or actions aimed at enhancing a company's financial gains by increasing revenue, reducing costs, or both.
Operate Efficiently
The ability of an organization to maximize outputs while minimizing inputs and waste.
Maintain Price
The strategy or practice of keeping the price of a product or service at a certain level, often to manage competition or market perception.
Identifying Potential Customers
The process of analyzing the market to determine who the target audience is for a product or service, often involving demographic and psychographic research.
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