________ Is the Percentage Change in One Product's Sales Due

question 88

Multiple Choice

________ is the percentage change in one product's sales due to a percentage change in a marketing variable (such as price) for another product.

• A)Reverse-elasticity
• B)Demand-elasticity
• C)Cross-elasticity
• D)Supply-elasticity

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Definitions:

Recommender System

A type of information filtering system that suggests products, services, or content to users based on analysis of data.

Third-Party Vendor

An external organization that provides goods or services to a primary organization without having direct control or ownership.

Pricing Structure

Describes the strategy and methodology used by companies to define prices for their products or services, including different pricing tiers, discounts, and offers.

Buy-Side Marketplace

B2B model in which organizations buy needed products or services from other organizations electronically, often through a reverse auction.