The Demand for a Service Is Said to Be Price-Elastic

question 10

True/False

The demand for a service is said to be price-elastic when a change in price has little effect on sales.

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Definitions:

Recruiting Process

The sequence of steps an organization follows to attract, select, and hire new employees.

Web-Hosting

A service providing the technologies and support needed for a website or webpage to be viewed on the Internet.

Job Performance

The evaluation of how effectively an individual performs the tasks, duties, and responsibilities associated with their job role.

Individual's Ability

The capacity or skillset possessed by a person, which can influence their performance in various tasks.