Examlex
Which of the following statements is incorrect?
High Price
An amount that is considerably above the average or standard cost of an item or service.
Price War
A competitive situation where rival companies continuously lower prices to undercut each other, aiming to increase market share.
Price Sensitive
A characteristic of consumers who are highly responsive to changes in prices, affecting their willingness to buy products or services.
Promotional Campaign
A series of advertisements or efforts aimed at increasing awareness or sales of a specific product or service.
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