Examlex
What HR concept is defined as the change in the stock of human capital over time such as terminations,promotions,lateral movements,and demotions?
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded.
Senior Discount
A reduction in the price of goods, services, or commodities offered to elderly individuals, typically those who are 65 or older.
Indirect Price Discrimination
A pricing strategy where the price variance does not directly relate to cost differences but is based on different consumer groups' ability or willingness to pay.
Willingness To Pay
The maximum amount an individual is prepared to spend to procure a good or service, reflecting its perceived value to them.
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