Pricing Strategy: How to Get the Best Price for Your Product
Deciding the best pricing strategies is one of the most crucial choices when introducing your new product to the market. With the right pricing strategy, you’ll
Incentive Theory: Definition, Examples, Types, Application
Incentive theory is a way to understand how people make choices. It helps explain why people do things like working hard or being kind to others. It says that..
How Many Days is 72 hours
How many days is 72 hours? You can determine the number of days to 72 hours with a little bit of math. There are...
Free Enterprise Explained: Everything You Need To Know
The concept of free enterprise has been integral to the progress and growth of our society for generations. Free enterprise promotes economic liberty, creativity,...
Marginal Benefit: Definition, Examples, Formula, Types, Uses
Marginal benefit is an important concept in economics and decision-making. When it comes to making financial decisions, understanding the concept of marginal benefit is...
BBN Phyna Biography: The Rags-to-Riches Story of Phyna BBNaija
The inspiring bio of BBN Phyna biography, the winner of Big Brother Naija season 7, is one of the rags-to-riches. Phyna’s journey is to...
How To Solve The Ghost Cube (Explained)
If can be a challenging and rewarding experience if you know how to solve the ghost cube puzzle, but it may also seem daunting...
Structural Unemployment Explained in 5 Mins. (Causes and Solutions)
Structural unemployment is a type of unemployment caused by a mismatch between the skills of available workers and the skills needed for the available...
Position Innovation: Definition, Examples, Strategy, Benefits
In today’s competitive business landscape, organizations must keep one step ahead of their competition. Creating and implementing a position innovation plan is the greatest...
Price Elasticity of Demand: Definition, Formula, Types, Example, and Solution
Price elasticity of demand refers to how much the demand for a product changes when the price of that product changes. In other words,...