Examlex
Which of the following terms best describes the compound below?
Price-sensitive
Referring to the characteristic of consumers whose buying decisions are greatly influenced by the price of a product or service.
Price Level
The average of current prices across the entire spectrum of goods and services in an economy, reflecting inflation or deflation.
Approaches
Methods or strategies employed in dealing with a problem or task.
Technology-enabled Products
Goods or services enhanced with technological features or capabilities, offering additional value or functionality.
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