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Total revenue increases if price ________ and demand is ________.
Evolving Customer Demands
The changing needs and expectations of customers, often driven by innovations, technological advancements, and market trends.
Contemporary Organisations
Modern entities that are characterized by their adaptive strategies, innovative approaches, and responsiveness to changes.
Operating Environment
The external conditions and factors that affect an organization’s operations, including economic, regulatory, technological, and demographic influences.
Above-average Returns
Financial gains that exceed the benchmark or average returns in a given market or industry.
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