Examlex
List the important elements in the external environment.
Inferior Goods
Goods for which demand decreases as the income of the consumer increases, inversely related to that of 'normal goods'.
Quantity Demanded
The sum total of a good or service consumers are ready and able to buy at a certain price point.
Movement Along
Describes the change in quantity demanded or supplied of a good in response to a change in price, as shown on a graph.
Demand Curve
Graphical representation showing how the quantity demanded of a commodity varies with changes in its price.
Q1: The term _ refers to artificial barriers
Q8: As stakeholders, customers are most concerned with
Q9: Dan is about to open a restaurant.
Q13: Gambling is highly regulated by the government.
Q26: An employee who is being paid below
Q30: Recruiting from multiple sources is a good
Q36: Cancellation of an airline flight due to
Q40: Which of the following statements about the
Q45: Which of the following statements about a
Q79: Without a(n) _, an organization has not