Examlex
Explain why marketing efforts should be oriented toward creating and sustaining satisfying exchange relationships.
Price
The sum of money needed to buy a product, service, or asset.
Long Run
A period in which all factors of production and costs are variable, allowing firms to adjust to changes in the market or economic conditions.
Demand
The quantity of a product or service that consumers are willing and able to buy at various prices during a specified period of time.
Industry Entry
The process of a new competitor or firm entering into an industry or market.
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