Examlex
Service personnel are required to display false expressions and positive emotions such as smiling.This concept is known as:
Substitute Product Offerings
Products or services that a consumer might buy to satisfy the same basic need or want as another product.
Barriers To Entry
Factors that make it difficult for new firms to enter a market, such as high startup costs, strict regulations, or strong brand loyalty for existing products.
Industry Growth
The rate at which a specific industry expands its capacity, production, or market size over a period.
Buyer Power
The influence and negotiating power that consumers or purchasing agents have over sellers in an economic marketplace.
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