One of the Short-Term Benefits of Developing an Effective Crisis

question 30

True/False

One of the short-term benefits of developing an effective crisis communication system with employees is that the organization will have won over the confidence, loyalty, and commitment of the employees, who appreciate being involved and listened to during a crisis.

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Definitions:

Price

The expenditure involved in buying a good or service.

Demand Curve

A chart that depicts the link between a product's price and the amount of the product that buyers are prepared and capable of buying at various price points.

Monopolistically Competitive Industry

In a monopolistically competitive industry, numerous firms compete against each other with differentiated products, allowing for some degree of market power and price setting.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, commonly seen in demand curves.