Examlex
What is the implication of diversity in relation to HRM?
Dollars Per Unit
A unit cost measure representing the price or cost of a single item or measure of goods or services.
Elasticity of Product Demand
A measure of the responsiveness of the quantity demanded of a product to changes in its price.
Elasticity of Resource Demand
The measure of how much the quantity demanded of a resource changes in response to a change in its price.
MRP
Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a resource.
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