Examlex
Explain the nature of "fair dealing."
Price Inelastic
Characterizes a situation where the demand for a good or service does not significantly change with a change in its price.
Price Volatile
Refers to sudden and significant price changes within short periods, often seen in markets for commodities or securities.
Marketing Mix
The factors that a business can change in selling products to customers—product, place, price, and promotion.
Market Will Bear
Refers to the maximum price that consumers are willing to pay for a product or service in the market.
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