If the Demand for Hockey Players Increases Faster Than the Supply

question 164

True/False

If the demand for hockey players increases faster than the supply, wages will rise.

---

Definitions:

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Strategic Planning

The process of defining a company's direction and making decisions on allocating resources to pursue this direction.

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and profits without needing to increase its financial leverage.

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and earnings without resorting to external financing.