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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.

product

Business services; Marketing

A good or service that has perceived value from a customer.

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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