Examlex
All of the following influence tactics can be considered moderately effective,except?
Price Elastic
A term related to price elasticity, which measures the responsiveness of the quantity demanded of a good or service to a change in its price.
Fewer Substitutes
A market condition where there are limited alternative products or services available, potentially leading to higher prices or less choice for consumers.
Unit Elastic
Describes a scenario where a change in the price of a good results in a proportional change in the quantity demanded or supplied.
Total Revenue
The total amount of money a firm receives by selling goods or services.
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