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Describe the three capacity strategies and the advantages of each.
Trademark
A recognizable sign, design, or expression which distinguishes products or services of a particular trader from those of others.
Invention
The creation of a new device, method, or process, resulting from study and experimentation.
Expense Function
A mathematical function that describes the cost associated with a particular level of production or activity.
Revenue Function
A Revenue Function is a mathematical representation of how a company's revenue is dependent on the selling price and quantity of goods or services sold.
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