Examlex
When evaluating managerial actions,which of the following alternate measures overcomes many of the problems with ROI?
Own-price Elasticity
a measure of how much the quantity demanded of a good or service changes in response to a change in its price.
Number of Substitutes
The quantity of alternative products or services that consumers can choose from in a market.
Absolute Value
A number’s distance from zero on the number line, without considering direction; always a positive value or zero.
Price Elasticity
A measure of how the quantity demanded of a good changes in response to a change in its price.
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