Examlex
What is an externality? How do positive and negative externalities differ in their effects? How can government action correct positive and negative externalities?
Product Invention
The creation of a completely new product that did not previously exist, often involving innovation and the development of new technologies or ideas.
Product Extension
The strategy of introducing additional versions of a product to the market, which may vary in size, flavor, or other characteristics.
Product Customization
The process of modifying or building a product according to the specific requirements or preferences of the customer.
Product Integration
A marketing strategy where products are placed into non-advertising content, such as TV shows or movies, in a way that promotes the product naturally within the storyline.
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