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Brenda is a recruiter for a global corporation with subsidiaries all over the world.She needs to convey information to future employees that will help them understand the importance of communicating across cultures. Which of the following is a good tip to provide employees who must deal with different cultures?
Perfectly Inelastic
Refers to a market situation where the quantity demanded or supplied does not change regardless of the price level changes.
Perfectly Elastic
Describes a market situation where quantity demanded or supplied changes by an infinite amount in response to any change in prices.
Demand
The willingness and ability of consumers to purchase goods and services at various prices.
Price Elasticity
A measure of the sensitivity of demand or supply to changes in price, indicating how the quantity demanded or supplied responds to price changes.
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