Examlex
The role of price is an important element in a firm's international marketing mix because price will:
Consumption
The process by which goods and services are used up by consumers, representing the end phase of the economic cycle.
Income
Financial gains, customarily on a constant basis, from vocational activities or investments.
Interest Rate
The percentage charged on a sum of money borrowed or earned on deposited funds over a period of time.
Utility Function
A representation in economics that shows the relationship between the utility (satisfaction) individuals receive from consuming goods and services and different consumption bundles.
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