Examlex
Knowing that you cannot sell a product at a price below a specific level and that your customers also will not buy that same product either above or below a specific level is an example of knowing your:
Flexibility
The capacity to adapt to new, different, or changing requirements and conditions.
Tactical Planning
Short-term, detailed planning that focuses on achieving specific goals or objectives within a limited timeframe.
Mitigation Planning
A strategic approach to lessen the severity and impact of potential risks and disasters on a project or organization.
Strategic Planning
The process of defining an organization’s direction and making decisions on allocating its resources to pursue this strategy.