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When the NES Group Lowered the Price of Its Professional-Grade

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When the NES Group lowered the price of its professional-grade meat slicers from $2,300 to $1,600,demand doubled from 4 units sold per month to 8 units per month.However,total revenue dropped.This is an example of:


Definitions:

Material Removal

The process of eliminating excess material from a workpiece to achieve the desired shape, dimensions, or surface finish.

Micrometer

A precision measuring instrument capable of taking very fine measurements, often used in mechanical engineering and metalworking to measure thicknesses or diameters.

Predominant Surface

The surface area of an object that is most prevalent or has the largest extent, often having significant functional or aesthetic implications.

Waviness

A form of surface irregularity characterized by wave-like undulations, which is considered when assessing surface texture and quality.

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