Examlex
Due to inappropriate staffing practices a number of good quality candidates were rejected in favor of poor quality hires at Mac Computers.The rejected candidates joined other software firms and mentioned this experience to other software personnel.Everyone who heard it formed a bad impression of Mac Computers and its staffing practices.This is an example of the ________ related to poor staffing practices.
Elastic Demands
A situation where the demand for a good or service significantly changes in response to changes in its price.
Close Substitutes
Products or services that can easily replace each other in the eyes of the consumer, offering similar benefits and functionalities.
Inelastic
A term describing a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to changes in price.
Elastic
Describes a situation in which the demand for a good or service significantly changes in response to changes in price.
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