Examlex
List the four steps to developing a CM plan.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.
Less Elastic
Describes a situation in which the demand or supply for a good or service is less responsive to changes in price.
Elasticity
An economic measure of the sensitivity of demand or supply to changes in price, income, or other factors, affecting the quantity consumed or supplied.
Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good.
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