Examlex
Social networking sites that compete directly with Facebook have a difficult time surviving; however,LinkedIn has survived by focusing on the needs of business professionals,who seek to network with colleagues,share their expertise,post online resumés,and look for new jobs.What segmentation method is LinkedIn using?
Game Console
A dedicated electronic device designed to play video games through a connection to a television or other display screen.
Highly Concentrated
Refers to a market structure where a small number of firms hold a large portion of the market share.
Natural Monopoly
A market condition where a single firm can provide goods or services to an entire market at a lower cost than two or more companies could, due to high fixed costs and significant economies of scale.
Economies of Scale
The financial benefits gained by businesses as a result of their operating size, where the cost for each unit produced decreases as the scale of operation grows.
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