Examlex
The majority of sales force resources should be invested in key accounts.
Five Fundamental Questions
The five fundamental questions refer to key economic questions any economy faces about what goods to produce, how to produce them, for whom to produce, how to accommodate change, and how to promote innovation.
Scarce Supply
A situation where the availability of a product or service is limited relative to the desire or demand for it.
Market System
A market economy characterized by investment, production, and distribution decisions that are influenced by the forces of supply and demand, with the prices of goods and services being established in a system where they are allowed to fluctuate freely.
Private Ownership
The legal possession of assets, resources, or property by individuals or corporations rather than by the state or public entities.
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