Uh oh! You're not
+ Create New Flashcard
The extent to which a
may raise prices without reducing
for its products. A company that offers a unique
or has few competitors typically has strong pricing power. It may raise prices without reducing demand.
elasticity of d...
You Also Might Like...
The Importance of Quality Over Quantity
Quality over quantity - it's a simple concept taught to us throughout our formative years - but it's one that fits like a square peg in a round hole in today's corporate environment. The reason that it's so hard to emphasize quality over quantity is ...
Impact of Globalization on Small Businesses
The following is a classic story, often used by socialists to highlight the "evils of a capitalist society" - the small town grocer gets mercilessly taken out by the new Wal-Mart in town. The small town grocer may have an established customer base ...
Projected Growth Industries for the 21st Century
As investors, business owners or entrepreneurs, it's important to understand the shifting sands of the top industries for growth in today's economy. Some discrepancies are obvious. For example, print media would be classified as a dying industry, ...
Basics of Negotiation for Beginners
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: