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What will cause the price elasticity of demand for a product to be high?
Scientific Management
A management theory developed by F.W. Taylor aiming at improving economic efficiency and labor productivity through systematic study of work methods and processes.
Workplace Flexibility
An arrangement in a work environment that allows employees to have variable work hours, locations, or job duties to balance their work and personal life efficiently.
Technology-Driven Economy
An economy heavily influenced by technological innovation, automation, and the digital sector's growth.
Cooperation
The act of working together towards a common goal or interest, often emphasizing teamwork and mutual assistance.
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