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Help me put a response to this(Pricing is one if the toughest decisions a manager can make because a business's success of turning loss into
Help me put a response to this(Pricing is one if the toughest decisions a manager can make because a business's success of turning loss into profit is reliant on a manager's accuracy in determining what is realistic within the market and the business needs. Examples of goods would be candy bars such as a Almond Joy Chocolate bars or Sprite soda pop have an elastic demand based on the large amount of competition in the market. However, a good that has inelastic demand would be Quick Trip Gasoline. Gasoline demand will hardly go down no matter the brand. Reply
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