Describe Five Different Approaches to Needs Assessment and Their Advantages

question 5

Essay

Describe five different approaches to needs assessment and their advantages and disadvantages.​

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Definitions:

Demand Curve

A graph demonstrating how the quantity of a good or service demanded varies with its price, typically downward sloping.

Industry's Demand Curve

A graphical representation of the quantity of products or services demanded across an entire industry at various price levels.

Linear Demand Curve

A graph that shows a straight line representing the relationship between price and quantity demanded.

Total Revenue

The total income received by a firm from selling its goods or services.