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Briefly explain channel conflict caused by B2B.Give an example of how channel conflict can be avoided or lessened.
Slightly Differentiated Product
A product that is mostly similar to others but has minor differences in quality, features, or branding that set it apart.
Natural Monopoly
A market situation where due to high fixed costs or barriers to entry, it is most efficient for production to be concentrated in a single firm.
Economies Of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Monopolist
A solo seller in a market who has significant control over the pricing and availability of a unique product or service.
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