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Several employees at Lako Systems have been identified as possible candidates for a training program. The training manager is meeting with them individually to determine if they should participate in the program. The manager found that while Sue has the knowledge and skills necessary to absorb the training, she does not think it is important or necessary. Sue has trainee readiness, but is lacking the trainee motivation necessary for learning.
Income Elasticity of Demand
A measure of how the quantity demanded of a good or service changes in response to a change in consumers' income.
Price Elasticity of Supply
An economic measure of how much the quantity supplied of a good changes in response to a change in price.
Equilibrium Values
The set of prices or quantities in a market or economic model where supply equals demand, and no incentive exists for change.
Cyclical Industries
Industries in which sales tend to magnify cyclical changes in gross domestic product and national income.
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