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Three Questions for Business Success. Part 2: Value Proposition
Since businesses have existed, these questions have perplexed their owners. The second question, “What makes my product or service attractive?” is one of determining your value proposition, and how you are different than your competition.
Three Questions for Business Success. Part 1 Ideal Customer
Since businesses have existed, these questions have perplexed their owners. Before AI, the internet and even electricity. Who’s my ideal customer? What makes my product or service attractive? How should I be pricing my product or service?
What is Price Elasticity of Demand?
A price elastic product is one that experiences changes in demand as the price rises or falls.
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