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Explain the Important Functions of Organizational Culture

question 69

Essay

Explain the important functions of organizational culture.


Definitions:

Price Elasticity

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Yen

The official currency of Japan, known internationally by its symbol ¥.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium is not achievable or not achieved in a market.

Subsidy

A financial contribution granted by the government or a public body to support businesses or consumers, making goods or services more affordable.

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