Examlex
Why is it important for channel strategies to evolve?
Elastic Supply
A situation where the quantity supplied of a good responds significantly to changes in its price.
Subsidy Benefit
Subsidy Benefit refers to the financial advantage received by individuals or businesses from government subsidies, intended to promote certain activities or lower costs.
Elastic Supply
The situation where the quantiry supplied of a good is sensitive to changes in its price.
Subsidy Benefit
Financial assistance granted by the government or a public body to support businesses, industries, or individuals, leading to lower costs or more favorable conditions.
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