Southwest's Fundamental Hiring Principle Is ____________

question 14

Multiple Choice

Southwest's fundamental hiring principle is ____________.

• A)maintain a tight knit group
• B)hire people with the right attitude
• C)"training, training, training"
• D)customer service is first
• E)new hires lead the way

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

Complementary Good

A product that is used together with another product, increasing demand for both when the price of one decreases.

Inferior Good

A type of good whose demand decreases when consumers' incomes increase, opposite to normal goods.

Price Elasticity of Demand

A metric that demonstrates the degree to which the demand for a product changes when there is a fluctuation in its price.