Examlex
The systems theory of management focuses on individual systems and how they work.
Patent Infringement
The act of using or selling a patented invention without permission from the patent holder, violating the patent's exclusive rights.
Test Marketing
A strategy used by companies to evaluate the potential market response to a product or service before a wide-scale launch.
Verbal Agreement
An agreement made through spoken words rather than in writing, yet it is legally binding in many cases.
Consumer Protection Act
Legislation designed to safeguard the rights and interests of consumers by ensuring fair trade and accurate information in the marketplace.
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