Examlex
If Burger King added tacos to the "burger-oriented" menu in its existing restaurants, it would be seeking "market development" opportunities.
Unit Elasticity
A situation where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.
Income Elasticity
A measure of how much the demand for a product changes in response to a change in consumers' income.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at a given price level in a given market.
Health Care
The preservation or enhancement of well-being through the avoidance, identification, management, recuperation, or healing of diseases, ailments, injuries, and other physical and mental conditions in individuals.
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