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The price elasticity of supply is equal to
New Venture Creation
The process of recognizing and seizing opportunities for new business development, encompassing the conception, launch, and management of new businesses.
Established Firms
Companies that have been in business for a long time and have a stable position in the market.
Customer Focused
An approach in business that prioritizes the needs and satisfaction of customers in product and service development.
Product Pricing
The strategy of setting the appropriate cost for a product based on production costs, competition, target audience affordability, and market conditions.
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