Each word with the phrase that best defines it:
⇒Opportunity : Chance to improve
⇒Cost-effective: Having a good value in relation to cost
⇒Monopoly : A market with one supplier
⇒Pioneer : A person who explores new areas
What is Cost-effective?
Cost-effective means when the greatest benefit is gained for a comparatively low price.
The concept of Cost-Effective commonly employed when choosing from a variety of investment options, so that the greatest possible return is generated in exchange for the amount invested.
With the concept of Cost-effective one can generate good production results without costing a lot of money.
Who is Pioneer?
Pioneer is one who is referred to as a pioneer in a particular area of activity is one of the first people to be involved in it and develop it.
Pioneer is first to introduce with a new activity, invention, or process is one of the first people to do it.
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