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Narrative 4-1
IBM has a long-standing "Reinventing Education" program, which involves intensive research into how educational institutions can use the fruits of new technologies to transform what they do and thereby improve education. In the process, the program is helping to shape a market of significant interest to IBM. IBM views the program as an investment rather than as a charitable contribution.
-Refer to the Narrative 4-1.Which type of strategy is IBM using to show its social responsibility?
Price Elasticity
A measure of the sensitivity of the quantity demanded or supplied of a good to a change in its price.
Demand Function
A mathematical relationship that represents the quantity of a good or service consumers are willing to purchase at various prices.
Revenue-maximizing Price
The price point at which a business can generate the highest total revenue, considering the impact of price changes on sales quantity.
Football Tickets
Admissions to attend a football game, typically purchased and used to gain entry to a stadium where the game is played.
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