Examlex
What is the result of a mutation that occurs in somatic cells?
Substitutes
Products or services that can be used in place of another to satisfy consumer needs or desires.
Skimming Strategy
A pricing approach where a high price is set for a new product to maximize profits from customers willing to pay high prices before lowering the price over time.
Penetration Pricing
A pricing strategy where a product is introduced to the market at a very low price to stimulate demand and gain market share quickly.
Market Prices
The current prices at which goods or services are bought and sold in a marketplace.
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