Examlex
Price elasticity is equal to the percentage of change in quantity demanded times the percentage change in price.
Strategic Planning
The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.
Propensity Analysis
The use of statistical techniques to predict the likelihood of a specific event or behavior occurring.
Outsourcing
The practice of delegating certain tasks or functions to external parties or contractors instead of handling them in-house.
Revocability
The capability or the right to withdraw or cancel something, such as privileges, decisions, or policies, often within a legal or contractual context.
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