Examlex
What are some of the approaches a company can take to identify and prepare its people for important positions?
Marginal Utility
The additional joy or advantage obtained from using one more unit of a good or service.
Diminishing
A principle that refers to a decrease or reduction in the effectiveness, value, or quantity of something over time or under certain conditions.
Additional Unit
An incremental quantity of a product or service, typically considered in the context of production or consumption.
Substitution Effect
The change in the quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods.
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