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The first step in the communication process is to:
Price Elasticity
An estimation of the change in demanded quantity of a product in response to its price movements, signifying how prone consumers are to price changes.
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased in comparison to its previous value, expressed as a percentage.
Union Labor
Workforce that is represented by a union, which negotiates wages, working conditions, and other benefits on their behalf.
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