Examlex
Maintaining a supplier database is particularly important in industries where technology changes rapidly.
Product Substitutes
Products that can replace each other in use or consumption, providing consumers with choices in the market.
Differentiated Product
A differentiated product is a good or service that has unique attributes or qualities distinguishing it from similar products offered by competitors.
Airline Industry
A sector comprising companies that provide air transport services for traveling passengers and freight.
Monopolistically Competitive
A market structure characterized by many firms selling products that are similar but slightly differentiated, leading to non-price competition.
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