Examlex
A sole proprietorship is an unincorporated business owned by two or more people.
Product Promotion
The activities undertaken by a business to make its products or services known to potential customers and persuade them to buy.
Product Differentiation
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
Monopolistically Competitive
An economic setup in which various firms market products that are comparable yet distinct, granting them some control over the market.
Economic Analysis
The systematic approach to determining the optimal use of scarce resources, examining the costs and benefits of economic decisions.
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