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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1512 |
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The elasticity will differ for various banking products because certain products may be more important to one customer than it is to another. Banking products such as checking accounts are usually necessary for the average customer and are not sensitive to price changes. Customers typically need a checking account regardless of a price increase...
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Customers typically need a checking account regardless of a price increase. On the other hand an increase in price for a product or service that is not essential, e.g. such as a safety deposit box, will discourage certain customers to purchase the product if the price becomes too costly (Investopedia, Economics Basics: Elasticity 2008)...
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General points of the essay
Managing Products
air products
Byte Products
Customer Requirements Translated Into Products/Services
Industrial Products
Medical products Inc.
New Products
Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand
Products
SPC Products Company
Tesco products
Avery products
What are products
Good Products, Bad Products
Byte Products, Inc.
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