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Discuss potential problems and disadvantages to an organization that decentralizes its operations.
Demand SHIFT
A change in the market demand curve, where at every price level, the quantity demanded of a good increases or decreases due to factors other than its price such as consumer preferences, income, or the price of other goods.
Complement
A good whose demand increases when the price of another good decreases. Examples include a parking lot and shopping mall or a hamburger and a hamburger bun.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.
Normal Good
A type of good for which demand increases as the income of the consumer increases, reflecting a direct relationship between income and demand.
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