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| the value in money placed on a goodp |
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| calcuation used to determine the relative productr |
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| firm percentage of the total salesm |
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| relative standing a compettord has given marketingmp |
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| law of diminishing marginal utility |
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| occurs when a firm chages different price to siliar customerspd |
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| occurs when competitoprs agree on a certain price rangp |
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| is the place at witch sales revune equals the coast and expences be |
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Definition
| products have elastic demansd or inelastic demansdd |
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Definition
| price method that allows conusmers to com;pare price in relationup |
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Term
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Definition
| item priced blow cost into storell |
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Term
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Definition
| when change in price chabg in demeanded |
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Definition
| chang in priceha has little change in demeandi |
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Term
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Definition
| when products are unresanable high when need is grater or conusmers do not have ipgt |
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Term
| bait-and-switch advertising |
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Definition
| when bussines advertice a low price for an item that has no intetins on seeling it illege3lbs |
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