Examlex
The market-pull view of new product innovation is to:
Production Possibility Frontiers
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, illustrating the trade-offs and opportunity costs.
Opportunity Cost
Abandoning potential gains available from alternative choices when one is picked.
Bushel
A unit of volume that is used primarily in agriculture, specifically for measuring volumes of dry goods such as grains and fruits.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.
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