Examlex
When demand is elastic, a decrease in price will result in an increase in total revenue.
Positive Word
A word or phrase that conveys an affirmative, optimistic, or constructive tone.
Free Meals
Complimentary food offerings provided by an establishment, often as a part of a promotional deal or as a benefit of service.
Functional Needs
The practical or utilitarian requirements that a product or service must satisfy for the consumer, such as durability, convenience, and efficiency.
Retain Loyal Customers
Strategies or practices aimed at keeping customers who repeatedly buy or use a brand's products or services.
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