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Organize the definitions

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Organize the definitions

by VICTOR Mon
1

_____ value that is unusually low, highly discounted, or costs significantly less than expected

2

______ to the cost of a good, service, or asset as determined by international supply, demand, and worldwide market forces rather than regional factors.

3

_______ a product or service's cost accurately mirrors, demonstrates, or is justified by underlying factors like quality, scarcity, or production expenses.

4

________to compare two different price points to see which one works better. By showing one price to one group and a different price to another, you can learn which drives more sales or improves profits.

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5

Collective market memory describes ________ and use it to shape future outcomes. Every price change, campaign, and competitor reaction leaves a trace that influences how prices, demand, and competition evolve over time.

6

________ and is unlikely to sell in the future. These items tie up valuable storage space and capital, making it important to identify and address them.

7

________ If a small price drop leads to a big increase in sales, demand is elastic. On the other hand, if sales barely change, demand is inelastic.

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8

______ where a store doesn’t keep the products it sells in stock. Instead, when a customer makes a purchase, the store buys the item from a third-party supplier, who then ships it directly to the customer.

9

in which materials and products are ordered and received only as needed in the production process or to meet customer demand. This minimizes inventory holding costs, reduces waste, and improves efficiency, ensuring resources are used effectively

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