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Total quality management
Price-Elasticity Coefficient
A calculation that assesses how a product's demand level shifts when its price varies.
Total Revenue
The total amount of money received by a company from sales of its products or services before any expenses are subtracted.
Inelastic
Describes a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.
Total Revenue
The total amount of money generated by selling goods or services before any expenses are subtracted.
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