Examlex
William Stern's formula for the intelligence quotient was mental age divided by chronological age and then multiplied by 100.What is the IQ of a 12-year-old with a mental age of nine?
Non-price Competition
A marketing strategy where a company tries to distinguish its product or service from competing products based on attributes other than price.
Herfindahl-Hirschman Index
A measure of market concentration used to determine the competitiveness of a market. It sums the squares of the market shares of all firms in the industry.
Industry
A group of companies that produce similar products or services, often characterized by shared markets, competition, and regulations.
Industry Concentration Ratio
A measure used to determine the extent of market control held by the largest companies within an industry, often indicating the level of competition.
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