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Cole's performance appraisal describes his actions along a continuum.For example,when it comes to customer service,he receives a 1 if he regularly ignores customers,a 3 if he regularly greets customers,and a 5 if he regularly greets customers and asks how he can help.It appears Cole is using the ______ method of performance appraisal.
Market Power
The ability of a firm to influence or control the price and output level in the market.
Interdependence
The mutual reliance between two or more groups or sectors, especially in an economic context, where the actions of one directly affects the others.
Market Demand Curve
A graphical depiction showing the quantity of a commodity that consumers in a market will purchase at various prices.
Marginal Cost
The price of generating one more unit of a product or service.
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