Examlex
WTO is the acronym for:
Perfectly Elastic
A situation in economics where the demand or supply for a good is completely responsive to changes in price, resulting in an infinite elasticity.
Mutual Interdependence
A situation in which a change in price strategy (or in some other strategy) by one firm will affect the sales and profits of another firm (or other firms). Any firm that makes such a change can expect its rivals to react to the change.
Trademarks
Symbols, names, or phrases legally registered or established by use as representing a company or product.
Product Differentiation
A strategy in which one firm’s product is distinguished from competing products by means of its design, related services, quality, location, or other attributes (except price).
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