Examlex
_____ means that a system can be expanded,modified,or downsized easily to meet the rapidly changing needs of a business enterprise.
Market Price
The market price is the current price at which an asset or service can be bought or sold, determined by the forces of supply and demand in the market.
Reservation Price
The maximum amount a consumer is willing to pay for a good or service, beyond which they will not purchase the product.
Price Discrimination
The strategy of selling the same product to different customers at different prices based on factors like willingness to pay, not costs.
Discrete Pricing
Discrete pricing refers to the practice of setting prices at fixed amounts rather than having a continuous range of prices, often seen in goods sold in whole units rather than continuous quantities.
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