Examlex
The logistical functions performed by intermediaries include physically distributing,storing,sorting,and financing.
Oligopolistic Market
A market structure characterized by a small number of firms dominating the industry, leading to limited competition and often high prices.
Standardized Products
Goods or services that are uniform in quality and performance, making them identical across different producers and allowing them to be interchangeable.
Differentiated Products
Goods or services that are distinguished from similar products in the market by characteristics like quality, design, and performance, allowing firms to potentially charge higher prices.
Oligopoly
A market structure characterized by a few firms controlling a large portion of the market share, often leading to limited competition.
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