HEAT
-Which letter in the diagram is the level that is the source of all food in an ecosystem?
Definitions:
Cheapest Product
A product offered at the lowest possible price point, often as a strategy to attract cost-conscious consumers or gain market share.
Marketing Mix
The set of controllable tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.
Right Price
The optimal price point for a product or service that reflects its value to the customer while allowing a business to make a reasonable profit.
Price Elastic
Describes a situation where the demand for a product changes significantly in response to a change in the product's price.
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