Examlex
Define and briefly explain the function of public relations.
Product Differentiation
Product differentiation is the process used by businesses to distinguish their products from those of competitors, through unique features, branding, quality, or other attributes.
Market Power
The ability of a company or entity to influence or control the price and output of a product in the market.
Marginal Utility
The additional satisfaction or benefit gained from using or consuming one more unit of a good or service.
Honest Tea
A brand known for producing organic bottled teas and promoting fair trade and environmentally responsible practices.
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