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Product demand usually becomes more elastic over time because more substitutes are found.
Visible Outcome
A result or effect of an action or process that is easily observed or identified.
Job Feedback
Information given to employees about their performance, aiming to reinforce strengths or address weaknesses.
Extrinsic Rewards
Rewards given to individuals by external sources, typically in the form of money, benefits, or formal recognition, as compensation or acknowledgment of one's work.
Monetary Bonuses
Financial rewards given to employees over and above their normal compensation, usually as a recognition of their performance or achievement.
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