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Professional Chefs
Professional chefs are highly skilled and trained individuals who prepare food in restaurants, hotels, and other dining establishments, often specializing in a particular cuisine.
Arbitrage
The practice of buying and selling the same asset in different markets to profit from price discrepancies without any risk.
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.
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