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Identify and discuss the two common methods of production planning.
Multinational Corporations
Companies that operate in multiple countries, beyond their home country, engaging in international business activities.
New Entrants
New entrants refer to companies that have recently entered a market, bringing competition and potential disruption to established market dynamics.
Pure Monopoly
Pure Monopoly is a market structure where a single seller controls the entire supply of a product or service, and where the entry of new competitors is highly restricted.
Product Price
The cost assigned to a good or service which reflects its value in the marketplace.
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