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IHR Managers Must Take Several Things into Consideration When Facing

question 41

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IHR managers must take several things into consideration when facing the challenge of staffing globally.All of these are key elements IHRM considers EXCEPT:


Definitions:

Demand

It is the quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Perfectly Elastic

Perfectly elastic refers to a situation where the quantity demanded or supplied of a good changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.

Inelastic

Describes a situation where the demand or supply for a product doesn't change significantly when the price of the product changes.

Stadium Capacity

The maximum number of spectators that a sports venue can accommodate during an event.

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