price

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price skimming
set price of product high while the goods are scarce
1 of 6
price penetration
setting a low price in order to gain a good market share quickly
2 of 6
external factors as business has no control over
inflation, boom, recession
3 of 6
inflation definition
a general rise of prices
4 of 6
boom definition
when the economy is growing at a fast rate
5 of 6
recession definition
when demand for output is falling due to the economy slowing down
6 of 6

Other cards in this set

Card 2

Front

price penetration

Back

setting a low price in order to gain a good market share quickly

Card 3

Front

external factors as business has no control over

Back

Preview of the front of card 3

Card 4

Front

inflation definition

Back

Preview of the front of card 4

Card 5

Front

boom definition

Back

Preview of the front of card 5
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