Examlex
Using two or three sentences, answer the following questions as concisely as possible.
-Define reality orientation.
Differentiating Products
The strategy of making a product or service stand out from competitors by emphasizing its unique features or qualities.
Close Substitutes
Goods or services that can serve as replacements for each other with minimal difference in utility for the consumer.
Oligopolistic
Describing a market structure dominated by a few large producers or sellers who have significant control over prices and market share, often resulting in limited competition.
Monopolistic
Relates to a market structure where a single firm dominates the market, often leading to limited competition.
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