Which of the Following Terms Represents the Measure of Responsiveness

question 71

Multiple Choice

Which of the following terms represents the measure of responsiveness of purchasers and suppliers to a change in price?

• A) Selectivity
• B) Captivity
• C) Elasticity
• D) Sensitivity

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Definitions:

Ability Factor

An individual's innate or acquired capability to perform specific tasks or activities successfully.

Goals and Expectations

The objectives and standards set by an individual or organization, outlining desired achievements and performance levels.

Performance Management Process

A systematic approach to improving and managing an employee's work performance through setting clear goals, providing regular feedback, and facilitating development.

Ongoing Performance Feedback

Continuous communication between supervisors and employees regarding performance, typically aimed at improvement and development.