LITIGATION Definition

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LITIGATION is legal proceeding in a court; a judicial contest to determine and enforce legal rights.

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OPERATING EXPENSES is all selling and general & administrative expenses. Includes depreciation, but not interest expense.

BARRIERS TO ENTRY are obstacles to the entry of new firms into a market. Barriers to entry may take various forms. They may be technical barriers, legal barriers or barriers that arise from strong branding of the product.

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