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At a party last week, Ben played a game similar to a scavenger hunt. Each child was given a list of ten items to retrieve from the kitchen within three minutes. The twist was that the lights in the kitchen were turned off and the shades were drawn leaving the room in complete darkness. One by one, the children would emerge from the room having found only two or three of the items. Ben, who had just learned about dark adaptation in school, easily won the game by
Razors and Razor Blades
A business model where a main product is sold at a low price to increase sales of a complementary product, which is where the profit is made.
Demands Correlation
Refers to the relationship between the demands for different goods or services, indicating how changes in one impact the other.
Bundling
Bundling refers to the marketing strategy of selling several products or services together as a single combined unit, often at a discount.
Higher Revenues
An increase in the amount of money received from sales or services, often an objective in businesses aiming to grow or expand.
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