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Consumer Demand
The desire of consumers for specific goods or services, influenced by their purchasing power, preferences, and needs.
Operating Cost
Expenses associated with the day-to-day functions of a business, including rent, equipment, inventory costs, marketing, payroll, insurance, and funds allocated for research and development.
Different Prices
A scenario in which a product or service is offered at varied prices to different customers or in different markets or circumstances.
Service Component
Part of a product offering that involves the provision of labor or expertise, rather than a physical product, to satisfy customer needs.
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