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are firms that supply raw materials, components, parts, information, finances, and expertise needed to create a product or service.
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Inelastic demand is when demand greatly changes with a small change in price.
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is a measure of the sensitivity of demand to changes in price.
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shows the number of units the market will buy in a given period at different prices
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Before setting prices, the marketer must understand the relationship between price and demand for its products. This information explains
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Target costing :starts with an ideal selling price based on product considerations
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is setting price
to break even on costs or to make a target return
