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The management of an organization is in the process of reorganizing the firm's activities with a more customer-centric focus. They are mainly focused on helping employees build the skills needed to better serve customers. Identify the customer-centric activity used by the management.
Honda Accords
A model of automobile produced by Honda, known for its reliability, fuel efficiency, and comfort, serving as a popular choice among consumers worldwide.
Price Elasticity
A measure of the responsiveness of the quantity demanded of a good to a change in its price, illustrating how changes in price can affect consumer demand.
Unit-Elastic
A demand or supply situation where the percentage change in quantity demanded or supplied is equal to the percentage change in price, leading to no change in total revenue.
Price Elasticity
An indicator showing the sensitivity of the demanded quantity of a good to price adjustments, computed by the percentage change in demand relative to the percentage change in price.
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