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Open communication strategies include the removal of physical barriers such as separate offices.
Initial Purchase
The first acquisition of a good or service by a consumer, often marking the beginning of the consumption experience.
Income Elasticity of Demand
An indicator of the variation in demand for a product based on changes in consumer income.
Used Clothing
Clothing that has been previously worn and is often sold at lower prices than new clothing; it's part of the second-hand market.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good changes as a consumer's income changes.
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