If demand hardly changes with a small change in price, we say that the demand is ______________.

Related MCQs

• Executives often complain that pricing is a big headach Common mistakes include: price is not revised often enough to capitalize on market changes; price is set ______________ of the rest of the marketing mix rather than an intrinsic element of a market-positioning strategy.
• The three major considerations in price setting are: costs set the floor price; ______________; and customers' assessment of unique features establishes the price ceiling.
• Introducing a product at low price and increasing the price once the brand succeeds is known as ______________ Pricing.
• In a small market ______________ is better
• Serving a small market not served by competitors is known as ______________
• Goods are sold in small packets in ______________ markets.
• ______________ is the marketing of a social message with a view to change behavior of people's habit.
• This level of rebranding refers to the renaming of a whole corporate entity, often signifying a major strategic change or repositioning. This is known as:
• A price reduction to buyers who pay their bills promptly is called.
• The group of elements price, product, promotion and place constitute