Examlex
Explain the concept of just meaningful difference (JMD). Describe, with an example, how marketers can use it to influence consumers?
Product Pricing
The strategy of setting the appropriate cost for a product based on production costs, competition, target audience affordability, and market conditions.
Retain Customer
Strategies and activities aimed at keeping a company's existing customers engaged and satisfied with its products or services, thereby increasing loyalty and reducing churn.
Business Plan
A description of the direction for a new business and the financing needed to operate it.
Comprehensive
Inclusive, covering a wide scope or containing a great deal of information.
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