Examlex
Business will only use market research when promoting business-to-business products and services.
Permanent Shortage
A sustained situation where the demand for a good or service persistently exceeds its supply, often due to fixed or limited quantities.
Price System
Mechanism that allocates resources, goods, and services based on supply and demand.
Price Ceilings
Price ceilings are regulatory measures that set a maximum price that can be charged for certain goods or services, with the goal of ensuring affordability.
Price Floors
Minimum prices set by the government for certain goods and services, aimed at preventing prices from dropping too low.
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