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Identify and Describe the Major Factors That Affect Pricing Decisions

question 7

Essay

Identify and describe the major factors that affect pricing decisions.


Definitions:

Sampling Frame

The list or actual representation from which a sample is drawn, ideally including the entire target population.

Census

An official count or survey of a population, often including various details of individuals, such as age, sex, and occupation.

Fiber-optic

Refers to the technology that uses thin, flexible fibers of glass or other transparent solids to transmit light for a wide range of applications, including telecommunications and medical instruments.

Ethernet Cables

Wires used to connect devices within a local area network (LAN), facilitating internet connections and data transfer.

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