Examlex
What four factors are required for marketing to occur?
Highly Substitutable
Referring to goods or services that can easily replace each other in consumption or use.
Unit Costs
The cost incurred by a company to produce, store, and sell one unit of a particular product or service.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified time period.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.
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