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When the car did not do well in the premium segment, Revolve changed its target segment.It lowered the price and aimed the product at the middle-income bracket.This is called:
Egalitarian View
A perspective advocating for equal rights, benefits, and opportunities for all members of society.
Equity
Equity refers to ownership interest in a company, often represented by stocks, providing a claim on the company's assets and earnings.
Production Possibilities Frontier
A curve depicting all the possible combinations of two goods that can be produced within a given set of resources and technology level.
Marginal Utility
The extra pleasure or benefit derived from using an additional unit of a product or service.
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