To Streamline the Hiring and Selection Process,sales Managers Should Use

question 30

Multiple Choice

To streamline the hiring and selection process,sales managers should use a matrix to:

• A)evaluate the sources of job applicants and their criteria
• B)rank employees hired over the previous ten years
• C)record information about different newspapers
• D)submit corporate listings to collegiate job fairs
• E)list the employees they would like to be evaluated by the human resources department

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Definitions:

Elastic

A description of a situation in which the supply or demand for a product is highly responsive to changes in price, indicating sensitivity in the quantity supplied or demanded.

Monopolistically Competitive

Refers to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Purely Competitive

A market scenario where the selling price of products is determined by the overall supply and demand, with numerous sellers and homogeneous products.

Elastic

Describes a condition in economics where the demand or supply for a product is sensitive to changes in price, leading to significant changes in quantity demanded or supplied.