Examlex
When recruiting, human resource managers must attract people who not only have the right skills, but also fit in with the corporate culture, and work well under the company's leadership style.
Price Elastic
Describes how sensitive the demand for a good or service is to changes in its price.
Income Elasticity
A measure of how much the demand for a good or service changes in response to a change in the income of consumers.
Demand Is Elastic
A situation where the quantity demanded of a product changes significantly with a change in its price.
Total Revenue
The overall amount of money earned by a firm from the sale of its products or services before any costs are subtracted.
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