Examlex
What would the predicted enzymatic product be when cellulose is exposed to cellulase?
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over another's based on their positive experience with that brand.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Economic Efficiency
A state in which resources are optimally allocated to serve each person in the best way while minimizing waste and inefficiency.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market, including high startup costs, stringent regulations, and established brand loyalty.
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