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Post a RequestPrice Sensitivity Definition
price sensitivity – n : economics/marketing term,
a.k.a. price sensitivity of demand, or demand
sensitivity;
the degree to which unit demand for a business’s products or services (i.e.,
the market’s desire to buy) falls when prices are raised, or rises when prices
are reduced.
Example: a)
We’re fortunate that the market for Product A has low price sensitivity: when
we
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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