Examlex

Solved

Grimpy's Is a Chain of Stores That Specializes in Healthcare

question 36

Multiple Choice

Grimpy's is a chain of stores that specializes in healthcare and wellness products. As the company is expanding, the management wants to take steps to hire more women. By doing this, the management hopes to establish a diverse workforce for the benefit of the company. This scenario illustrates the concept of _____.


Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from any other source, used to acquire goods and services.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specific period.

Demand

The inclination and capability of buyers to acquire products and services at specified prices.

Increase

An upward movement in quantity, size, number, value, or intensity of a particular variable.

Related Questions