The Effective Way to Deal with a Budget Limitation Tactic

question 44

True/False

The effective way to deal with a budget limitation tactic is to use the unbundling strategy to meet buyer's budget.

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Definitions:

Price-Elastic

A characteristic of goods or services for which their demand or supply significantly changes with small changes in price.

Mass Transit

Public transportation systems designed to move large numbers of people efficiently via buses, trains, subways, and other modes of transport.

Price Elasticity

A gauge of the responsiveness of the quantity of a good supplied or sought after to fluctuations in its price.