Effective business strategies should make the lower portion of the demand curve more elastic.

Name: Effective business strategies should make the lower portion of the demand curve more elastic.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Making the lower portion of the demand curve more elastic means that customers are more responsive to changes in price, which can lead to increased sales and revenue. This can be achieved through various pricing strategies such as discounts, promotions, and tiered pricing.

Effective Business Strategies Should Make the Lower Portion of the Demand