Examlex
People who grew up with the Internet and need no help in adapting to new technologies have been called digital natives.Those who have not grown up with such technologies but are adapting to them are called what?
Price-Taker Markets
Markets in which individual sellers or buyers have no control over setting prices and must accept the prevailing market price.
Homogeneous Product
Products that are of the same quality and are indistinguishable by buyers.
Competitive Weapon
A unique capability or strategy employed by a company to outperform its competitors.
Barrier To Entry
Elements or circumstances that prevent or hinder the ability of new competitors to enter an industry or market.
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