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Kara has an urgent requirement for a power bank and places an order online.She specifies that she looks forward to receiving the power bank within three days.However,the actual time the company takes to process the request itself is three days.In this scenario,the sales team should engage in a(n) _____ to meet Kara's requirement.
Demand Shift
Occurs when a change in factors other than the price of the good itself leads to a change in consumer demand, causing the demand curve to move left or right.
Equilibrium Price
The price at which the quantity of a good demanded equals the quantity supplied, leading to no shortage or surplus.
MR
Short for Marginal Revenue, it is the increase in revenue from selling one additional unit of a good or service.
Negative Profits
A financial loss or situation where expenses exceed revenues in a business.
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