Examlex
In an iOS operating system,Siri uses traditional search engines to find important information for consumers.Siri is an example of a(n)
Monopolistic Competitive Firms
These are companies in a market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.
Elastic
A term used in economics to describe a situation where the demand or supply for a good or service significantly changes in response to a change in price.
Product Differentiation
A tactic used by companies to distinguish their products from those of competitors by highlighting unique features.
Customization
The process of modifying goods or services to meet specific customer preferences or requirements.
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