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It is usually preferable to first recruit externally for new talent before opening up an available job to present employees.
Linear Demand Curve
A graph showing a direct relationship between price and quantity demanded where the curve is a straight line.
Price Elasticity
An indicator of the extent to which demand for a product reacts to alterations in its price, showing the degree of consumer sensitivity to price fluctuations.
Price-elastic
Describes a situation where the demand for a product is sensitive to price changes.
Home Entertainment System
An array of electronic devices set up in a home to reproduce the experience of watching movies or listening to music in a theater-like setting.
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