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One of the Traps of Instituting a Price Decrease Is

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One of the traps of instituting a price decrease is when that low price buys market share in the short term. The same customers will shift to any lower-priced product that may come along. This trap is called


Definitions:

Ratios

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Answering Machine

A device that automatically answers telephone calls and records messages from callers.

Weighing Balance

A device used for determining mass by balancing an unknown mass against a known standard.

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