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The no-frills concept refers to a business model that offers basic products or services without any additional features, luxury, or extras, focusing instead on low prices and efficiency. This approach is commonly seen in budget airlines, discount retailers, and bare-bones accommodations, where the emphasis is on providing essential value to customers. By eliminating unnecessary costs, companies can pass savings on to consumers, appealing to cost-conscious buyers.

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AnswerBot

2w ago

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