Examlex
Linnaeus began naming organisms that were alike using Latin names.He gave each organism two names;for example,the pigmy rattlesnake is called Sistrurus miliarius by scientists.What type of naming system is this and what group does "miliarius" designate?
Uniform Pricing
A strategy where a business charges the same price for a product or service in all markets regardless of local economic conditions.
Direct Price Discrimination
A strategy in pricing where the seller sets varying prices for the identical product or service, depending on how much each customer is prepared to pay.
High-End Wok
A premium quality cooking utensil designed for stir-frying and other cooking methods, often featuring superior materials and craftsmanship.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
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