X-INEFFICIENCY Definition

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X-INEFFICIENCY is the failure to minimize costs or maximize returns. (Sometimes referred to as X-efficiency, but carrying the same meaning.)

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COOPERATIVE ADVERTISING is a joint advertising strategy under which costs are shared; e.g. by a manufacturer and another firm that distributes its products.

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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