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If the price of leeks falls by $2 per pound, then the demand for leeks will rise by 10 pounds.Therefore we can conclude that the demand for leeks is elastic.
Stakeholders Interests
The concerns, needs, or goals of individuals or groups that have a stake in the outcome of a project, organization, or initiative, influencing decisions and strategies.
Strategic Planning Process
A systematic series of steps that an organization follows to formulate and implement strategies aimed at achieving long-term goals.
Organisational Planning Process
A systematic approach used by organizations to set goals, determine strategies to achieve them, and implement the necessary actions.
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