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Businesspeople are increasingly using instant messaging and text messaging to communicate with colleagues and clients.Explain three pros and three cons of instant and text messaging.
Quantity Changes
Variations in the amount of goods or services produced or consumed in response to changes in market conditions, such as price or consumer preference.
Price Changes
Variations in the cost of goods or services in the market over time.
Ockham's Razor
A principle stating that in explaining a thing, no more assumptions should be made than are necessary.
Irrelevant Detail
Information that does not have a direct impact on the conclusion or outcome of a particular issue or situation.
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