Examlex
If a market is in equilibrium and then demand increases while supply decreases,the change in the equilibrium price is ________ and the change in the equilibrium quantity is _________.
Competitors
Other entities that offer similar goods or services within the same market, vying for the same customer base.
Organization Design
The creation or rearrangement of an organization's structure to align it more closely with its objectives, strategies, and processes.
Competitive Advantage
The unique attributes or circumstances that enable an organization to outperform its competitors.
Michael Porter
An influential academic known for his theories on economics, business strategy, and competitive advantages.
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