Examlex
A localization strategy makes most sense when demands for local responsiveness are high, but cost pressures are moderate or low.
Monopoly
A market structure characterized by a single seller dominating the market, often resulting in limited competition and higher prices for consumers.
Patent
A legal document granting an inventor exclusive rights to produce, use, and sell their invention for a certain period of time.
Exclusive Right
A legal provision that allows only the holder to perform a specific activity or use a particular property.
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