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A good is likely to have an inelastic demand curve if:
Customer-Sustaining Costs
Expenses involved in maintaining relationships with existing customers, such as service and support costs.
Production Costs
The total expense incurred in the process of creating a product or service, including raw materials, labor, and overhead expenses.
Customer Relationship Management
A strategy in business that focuses on developing and maintaining lasting relationships with customers to enhance loyalty and retention.
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