Examlex
What is the concept that some jobs require few skills and can be performed by people of less intelligence?
Ergonomic Chair
A chair designed to provide optimal comfort and support to the body, reducing strain and injuries related to poor posture.
Higher-End Price
A pricing strategy that sets the cost of goods or services at the upper range of the market, targeting consumers willing to pay more for perceived quality or prestige.
Price Skimming
A pricing strategy involving setting high initial prices for a new product to maximize profits from the segment of consumers willing to pay a premium before lowering the price over time.
Cost Of Goods Sold
Direct costs attributed to the production of the goods sold by a company, including materials and labor.
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