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What does Howard Gardner's theory of multiple intelligences claim?
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Goods of higher quality and price than regular items, often offering superior performance or prestige.
Higher Costs
Situations where the expenses associated with producing goods or services increase, which can impact profit margins and overall profitability.
Increased Quality
The enhancement or improvement of product standards, performance, or service over time.
Price Elastic
Refers to how sensitive the demand for a good is to changes in its price.
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