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A firm has identified groups of customers based on specific characteristics the customers desire from products and services the firm can provide. Characteristics include lead times, pricing tiers, and service levels. The firm is engaged in which of the following activities?
Excess Supply
A scenario in which the supply of a good or service available from sellers surpasses what buyers want to purchase at the existing price.
Price Of Burritos
The amount of money required to purchase a burrito, often influenced by factors like ingredients cost, demand, and location.
Demand Shifts
Movements of the demand curve to the left or right, indicating a change in the quantity demanded at every price.
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified period.
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