Examlex
Which of the following help a manager identify which employees need training?
Inflation
The speed at which overall prices for products and services increase, leading to a decline in buying power.
Price Changes
Adjustments in the cost of goods and services in the market, often influenced by factors like supply and demand, inflation, and government policies.
Menu Costs
Menu costs are the costs to firms of changing their prices, including the physical costs of changing price tags and the intangible costs of updating pricing information.
Advertising New Prices
The practice of notifying consumers about changes in the prices of goods or services through various forms of media.
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