Examlex
After identifying an existing problem,the next step in the decision-making process is ________.
Market Power
The ability of a company or entity to influence the price and output levels in the market.
Customers' Preferences
The tastes, preferences, or choices of consumers regarding products or services which can impact market demand and influence business strategies.
Pricing Strategies
Methods used by companies to price their products or services, aiming to maximize profits while meeting consumer demand and competition.
Product/Service Creation
The process of developing new products or services, from ideation and design through to market introduction.
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