Examlex
Inventory carrying costs include the opportunity cost of the investment.
Oligopoly
A market setup where just a few companies dominate the market, resulting in minimal competition.
Concentration Ratio
A measure used in economics to assess the extent of market control held by the top firms within an industry, indicating the degree of market competition.
Brand-Name Hotel
A hotel that is part of a famous or widely recognized chain, often distinguished by a well-known trademark or brand identity.
Concentration Ratio
An indicator that measures the total market share of the top firms in an industry, used to assess the level of market concentration.
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