Examlex
The RFM score is obtained by ranking the customers on the basis of pricing patterns.
No Close Substitutes
A market condition where a good or service has no similar alternatives, giving it a unique position and potentially more market power.
Market Model
A theoretical construct that describes how different types of markets operate and interact.
Conditions of Entry
Factors that determine the ease or difficulty with which new competitors can enter an industry or market, affecting competition and market dynamics.
Market Model
A conceptual framework depicting how various economic players interact within a market to determine prices and quantity of traded goods or services.
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