Examlex
What are two workplace strain reactions?
Price-searcher Firm
A company that determines the price of its products based on demand and supply conditions rather than prevailing market prices.
Competitive Price-searcher
A market scenario where sellers actively seek out buyers by setting prices independently to capture consumer demand.
Raise Price
The act of increasing the cost at which a good or service is sold, which can affect demand, revenue, and profit margins.
Lose Sales
The phenomenon of experiencing a reduction in the number of units sold or in total revenue.
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