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Saturday, February 26, 2011

Loss Leader

Good or service advertised and sold at below cost price. Its purpose is to bring in (lead) customers in the retail store (usually a supermarket) on the assumption that, once inside the store, the customers will be stimulated to buy full priced items as well. See also price leader.
Posted by Mathew.Paul at 3:37 AM
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      • Loss Leader
      • Communication Process
      • Maslows' need hierarchy Theory
      • Privatisation and its advantages and disadvantages
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