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The Drought Stress Response in Plants Is an Example of

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The drought stress response in plants is an example of

Understand the basic principles of market economics including the roles of supply and demand.
Recognize how prices adjust to eliminate shortages and surpluses and achieve market equilibrium.
Identify the effects of supply and demand shifts on market equilibrium.
Understand the concept of elasticity in relation to supply and demand.

Definitions:

Strategic Plans

Long-range action plans designed to help an organization achieve its goals and objectives through a coordinated set of actions.

Operational Plans

Detailed, short-term plans that outline how a business will functionally achieve its objectives and strategic goals.

Recruitment

The process of finding, attracting, and selecting candidates for employment to fill job vacancies within an organization.

Opportunity Cost

The cost of the next best alternative that is foregone when a decision is made.

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