Examlex
The underlying basis of all attempts to provide leadership in the channel is:
Price Sensitive
Refers to consumers' responsiveness or reaction to changes in the price of goods or services.
More Elastic
Refers to a greater responsiveness of demand or supply to changes in price.
Price Sensitive
The degree to which the demand for a product or service is affected by changes in its price.
More Elastic
Refers to a situation where the demand for a product is more responsive to changes in price or other factors.
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