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Ansoff's matrix is a model used when deciding a business' growth strategy. The four aspects are market penetration, market development, product development, and diversification. Each aspect outlines a dif...
Equity in the distribution of income is one of the four government macroeconomics objectives. It’s the concept that every income groups in a nation have less different and similar income. Progressive tax ...
Price skimming is when a business charges a high price when the product is initially launched and lowers the price over time, a business with a strong brand such as Apple is able to do this, thus profit i...
Delayering is the removal of layers in a business' hierarchy. This can lead to wider span of control for managers which can boost their motivation levels, if they are motivated by level of responsibility ...
There will be a shift of the demand curve to the right
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