Low buyer price sensitivity (Jewelry industry)
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When buyers are less sensitive to prices, prices can increase and buyers will still buy the product. Inelastic demand positively affects Jewelry industry. … "Low buyer price sensitivity (Jewelry industry)" will have a long-term positive impact on the this entity, which adds to its value. This statements will have a short-term negative impact on this entity, which subtracts from its value. This qualitative factor will lead to an increase in costs. |
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Threat of Substitutes: Low buyer price sensitivity (Jewelry industry)
When buyers are less sensitive to prices, prices can increase and buyers will still buy the product. Inelastic demand positively affects Jewelry industry.
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