Short-run pricing decisions include adjusting product mix in a competitive environment.

Question

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Short-run pricing decisions typically involve adjusting product mix in response to competitive pressures, changes in demand, or other factors that can impact sales and revenue in the short-term. This may involve adjusting prices, promotions, or other marketing strategies to help maximize profitability and maintain market share.

Short-Run Pricing Decisions Include Adjusting Product Mix in a Competitive