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Explain the difference between the unemployment rate and the participation rate.
Supply Chain Management
The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.
Price Elasticity
A measure of how sensitive the quantity demanded of a good or service is to a change in its price.
Price Sensitivity
The degree to which the price of a product affects consumers' purchasing behaviors.
Core Product
The fundamental benefit or solution that a customer receives from a product or service, which defines its primary value.
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