Examlex
ISO 9001 is the international standard for a quality management system.
Board of Regents
An administrative body that governs institutions of higher education, overseeing budgetary matters, academic policies, and major appointments.
Elastic Demand
A situation in which the quantity demanded of a good or service is highly responsive to changes in its price.
Price Cut
A reduction in the selling price of goods or services, usually aimed at increasing demand or facing competition.
Elastic Demand
An instance where the demand for a product exhibits substantial sensitivity to adjustments in its pricing.
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