List the Factors Change Demand and Shift the Demand Curve

question 145

Essay

List the factors change demand and shift the demand curve. Tell what happens to demand and the demand curve when there is an increase in the factor.

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Definitions:

Performance-based Reward

A system of compensation where employees are paid based on their performance level, often intended to motivate and incentivize high performance.

Employee Motivation

The degree of enthusiasm, dedication, and innovation that employees of a company bring to their roles.

Knowledge

Information, understanding, and skills that individuals acquire through experience or education.

Goal Setting

Determining goals that are clear, quantifiable, feasible, pertinent, and have a defined timeline.