Examlex
________ feasibility is an assessment of the overall appeal of the product or service being proposed.
Consumer Surplus
The disparity between the amount consumers propose to pay for a good or service and the amount they finally pay.
Profits
The financial gain obtained when the revenue from business activities exceeds the costs and expenses incurred in operating the business.
Price Discrimination
An approach where the same goods or services, either identical or very similar, are priced differently by the same seller in distinct markets.
Inelastic Demand
A situation where the demand for a good or service changes little when its price changes, indicating consumers' lack of sensitivity to price adjustments.
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