Examlex
Praising a child for studying is an example of
Elastic Demand
Demand for which a given percentage change in price results in an even larger percentage change in quantity demanded.
Odd Pricing
A pricing tactic in which a firm prices products a few cents below the next dollar amount.
Price Sensitivity
How much the desire for a product or service shifts in response to price variations.
Strategic Decisions
High-level choices that determine the direction and success of an organization.
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