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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 1039 |
Essay's paper body
But he had also heard a speaker say once that the term is only used by losers in a
business.
Price cutting was rare; the only variance from quoted selling prices took the form of cash discounts.
Customarily, Bosworth announced prices annually and the other producers followed suit. In the past,
attempts at price cutting had followed a consistent pattern: All competitors met the price reduction, and
the industry as a whole sold about the same quantity but at the lower prices...
Essay fragment
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In the past,
attempts at price cutting had followed a consistent pattern: All competitors met the price reduction, and
the industry as a whole sold about the same quantity but at the lower prices. Demand was very
"inelastic", at least in the short run, for a "derived demand" product like metal fasteners...
Essay fragment
General points of the essay
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