Examining the Need to Develop New Technologies Is Part of

question 17

Multiple Choice

Examining the need to develop new technologies is part of

• A)identifying people issues.
• B)scanning the external environment.
• C)developing the HR strategy.
• D)identifying strategic business issues.
• E)communicating the HR strategy.

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Definitions:

Normal Good

A good that has a positive income elasticity, so that as consumer income rises, demand for the good rises, too.

Market Supply

The total quantity of a good or service that sellers are willing and able to sell at a given price over a specific period.

Elasticity

Elasticity refers to the measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.