Examlex
_____ are described by different characteristics of customers,the reasons that they buy or use certain products,and their preferences for certain brands of products.
Price Range
The spread between the highest and lowest selling price of a commodity or service over a certain period of time, reflecting its market volatility or stability.
Elasticity of Demand
A determination of the responsiveness of consumer interest in a good due to price fluctuations.
Unit Elasticity
Describes a scenario in demand or supply where the percentage change in quantity demanded or supplied is equal to the percentage change in price.
Total Revenue
The total income generated by a firm from its sales of goods or services, calculated as quantity sold times price.
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