Examlex
Firms must exercise either informational control or behavioral control in order to assure proper strategy implementation.
Price Takers
Economic agents who accept the prevailing market prices and have no influence over them due to their small market share.
Barriers To Entry
Obstacles that make it difficult to enter a particular market, such as high start-up costs, access to technology, or strict regulations.
Dynamic Process
A process characterized by constant change, activity, or progress.
Dollar Votes
The concept in economics that consumers "vote" for products and services they desire through the expenditure of their money.
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