Knowing that you cannot sell a product at a price below a specific level and that your customers also will not buy that same product either above or below a specific level is an example of knowing your:

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Quizplus · Accepted Answer

This scenario describes the concept of the relevant price range, which is the price range at which customers are willing to purchase the product and the seller is able to make a profit. Price elasticity refers to how sensitive customers are to changes in price, while return on investment control and market niche are not directly relevant to this scenario.

Knowing That You Cannot Sell a Product at a Price