Examlex
Southwest Airlines demonstrates the independent action strategy known as competitive pacification by cutting fares when it enters a new market.
Competitive Advantage
A scenario or element that positions a firm in a more favorable or advantageous spot relative to its competitors.
Unique Products
Goods that are distinct in nature, offering uncommon features or benefits not typically found in similar items.
Market Demand Curve
The market demand curve represents the total quantity of a good or service that all consumers in a market are willing to purchase at various prices.
Quantity Demanded
Quantity demanded refers to the amount of a good or service consumers are willing and able to purchase at a given price.
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