If a Company Is Capable of Delivering the Service Over

question 31

True/False

If a company is capable of delivering the service over and over again in the volumes needed it is said to have a high level of scalability.

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Definitions:

Relatively Elastic

Refers to a situation where the quantity demanded or supplied of a good changes significantly in response to changes in price.

Percentage Increase

calculates the rate at which a quantity grows over a period, expressed as a fraction of its original value.

Elastic

Describes a scenario where a small change in price leads to a large change in quantity demanded or supplied.

Inelastic

describes a situation where the demand or supply for a good is not significantly affected by changes in price.