Examlex
What is a competency-based job analysis? Why should firms consider describing jobs in terms of competencies instead of duties?
Pricing Games
Strategic maneuvers or tactics used by companies to set prices in a way that maximizes profit or market share, often considering the actions of competitors.
Allocatively Inefficient
A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.
Productively Inefficient
A situation in which a producer cannot produce a desired output at the lowest possible cost, indicating a waste of resources.
Collusive Practices
Actions taken by competing companies to work together secretly to increase prices or reduce competition, which is illegal in many jurisdictions.
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