11 Terms
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Marketing
Industry: Business services
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Marketing
price ceiling
Business services; Marketing
The maximum the price can be set, whether by law or market conditions.
price floor
Business services; Marketing
The minimum amount that can be charged due to product cost or law restrictions.
absolute advantage
Business services; Marketing
Any entity with the ability to produce goods at a lower cost than other entities.
adaptation
Business services; Marketing
The modification of goods or services of a product, its distribution or its advertising for the purpose of assimilation to a new market.
advertising
Business services; Marketing
Attracting attention to a product or service through the use of media.
agent
Business services; Marketing
An individual or group that represents another individual or group.
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