Examlex
Not only do changes in demand induce relatively wide fluctuations in price when supply is inelastic,but changes in supply induce relatively wide fluctuations in price when demand is inelastic.
Intelligent Failure
The concept of learning valuable lessons from the experiments and endeavors that do not succeed, thereby contributing to future success through improved knowledge and understanding.
Valuable Knowledge
Information or expertise considered critical or highly beneficial for achieving competitive advantage and operational efficiency.
Process Inadequacy
Wrong (or missing) processes set up in the organization, causing communication breakdown.
Communication Breakdown
A situation where communication fails to proceed or convey the intended message causing misunderstanding or confusion.
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