Examlex
The competitive actions a firm takes in another firm's key markets is referred to as a ________.
Production Function
An equation that describes the relation between inputs used in production and the output of goods or services.
Profit
The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Commodity
A basic asset deployed in commercial transactions that is exchangeable with other assets of the same classification.
Maximise
To maximize something to its utmost potential or level.
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