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An organization cannot run without formulating and implementing a budget.
Demand Elasticity
An indicator of the responsiveness of the quantity demanded of a product to changes in its price, where an elasticity greater than one signifies heightened sensitivity.
Total Revenue
The total amount of money received by a company from sales of goods or services, before any expenses are subtracted.
Elastic
Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.
Total Revenue
The aggregate earning of a company from its operational activities, an indicator of its market success.
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