Examlex
It is important to understand that SOA is not a concrete architecture; it is thought that leads to a concrete architecture. It might be described as a style, paradigm, concept, perspective, philosophy, or representation. That is, SOA is an approach, a way of thinking, a value system that leads to decisions that design a concrete architecture allowing enterprises to plug in new services or upgrade existing services in a granular approach.
Marginal Revenue
The revenue that a company gains by selling an additional unit of a product, indicating the income effect of increasing output by one unit.
Marginal Cost
The additional financial burden of creating another unit of a product or service.
Price Elasticity
The extent to which consumer demand for a good changes in response to a change in the good's price, represented by the ratio of percentage change in demand to percentage change in price.
Product Differentiation
The process by which companies distinguish their products from those of competitors, through design, features, branding, quality, or other attributes.
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