Examlex
The "equal field" system,
Learning Curve
The graphical representation of how an increase in learning comes from greater experience or the decrease in marginal costs over time.
Aggressive Pricing Policy
A strategy where a company sets lower prices than its competitors to gain market share and deter competition.
Continuing Cost Reduction
A strategy aimed at consistently lowering costs over time through efficiency improvements and waste reduction.
Premise
A basic assumption or statement that serves as the foundation for a logical argument or reasoning.