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the principle that friction causes heat
Price Setting
The process of determining the selling price of a product or service, based on factors such as cost, demand, and competitive prices.
Loss-Leader Pricing
A pricing strategy where a product is sold at a loss to attract customers to profitable items.
Retailers
Businesses that sell goods or services directly to end consumers for personal or household use.
Discounts
A reduction applied to the normal selling price of goods or services, offered to stimulate sales or attract customers.
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