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Which of the following will reduce the price elasticity of a good or service?
Employees' Commitment
The level of enthusiasm and dedication an employee has towards their job and company.
Organizational Goals
Objectives or targets that an organization aims to achieve, which guide its operational and strategic planning.
Reinforcement Theory
A theory in psychology that suggests behavior is motivated by its consequences, with reinforcements used to either increase or decrease the likelihood of a behavior’s occurrence.
Motivate Employees
The process of encouraging and inspiring workers to improve their performance or to achieve specific goals through various strategies and incentives.
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