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A recent business trend is the elimination of layers of management, creating flatter organizations and subsequently, a wider span of control.
Price/Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to gauge the sensitivity of demand to price changes.
Projected Revenue
An estimate of the amount of money that an organization is expected to generate in a future period.
Lagrange Multiplier
A method used in mathematical optimization to find the maxima or minima of a function subject to constraints.
Price/Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.
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