Communication in Professional Contexts: The Influence of Price on the Change in Demand
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Added on 2020-02-18
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Introduction 3 Critical analysis of price demand relationship 3 Influence of price in determining demand 3 Misconception regarding the pricing factor 4 Reduction in profitability 5 Exceptions to the price demand relationship 5 Conclusion 6 Reference 7 Introduction The law of economics states that with the change in the price of the products, the demand for the products changes. This report will discuss about the opinions of different authors and literatures to determine the extent to which the change in price will impact the change in demand.
Communication in Professional Contexts: The Influence of Price on the Change in Demand
Added on 2020-02-18
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Running head: COMMUNICATION IN PROFESSIONAL CONTEXTSCommunication in Professional ContextsName of the studentName of the universityAuthor note
1COMMUNICATION IN PROFESSIONAL CONTEXTSExecutive summary The aim of this report is to discuss about the opinions of different authors and literatures todetermine the extent to which the change in price will impact the change in demand. It is beenconcluded that concluded that the influence of price in determining the demand is beingdepended on various factors. The critical analysis of the influence of pricing helped tounderstand that decreasing the price level will not help the organization in increasing the marketshare of the products.
2COMMUNICATION IN PROFESSIONAL CONTEXTSTable of ContentsIntroduction......................................................................................................................................3Critical analysis of price demand relationship.................................................................................3Influence of price in determining demand...................................................................................3Misconception regarding the pricing factor.................................................................................4Reduction in profitability.............................................................................................................5Exceptions to the price demand relationship...............................................................................5Conclusion.......................................................................................................................................6Reference.........................................................................................................................................7
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