Answer:
≅ -1.7.
Explanation:
Let's calculate the change in quantity:
Let's now calculate the change in price:
Finally, let's calculate the price elasticity of demand:
Answer:
Concern for result
Explanation:
In leadership no one is the best leadership style but all depends on the situation and understand of your job nature it is not a wise task to avoid people or task both are interdependent to each other. But even there is equally compromise between two it leads to the average result. The managerial grid was proposed by Blake and Mountain a popular framework about leadership a task versus person orientation. It was developed in the 1960s.
<u> It is based on two behavioral approaches:
</u>
- concern for people
- concern for task
<u>Concern for task:
</u>
This is the orientation in which a manager is concern more about the task and less concern on people. This is a degree on which the manager emphasizes objectivity, organization needs, and high production. it is decided by the manager from his/her team that the manager focused on the result than people's concern.
The scenario where a supervisor focuses on evaluation criteria and not the employee during a negative performance review is an example of;
- Separate the people from the problem.
<h3>Principles Negotiation</h3>
The book in all simplicity advocates four fundamental principles of negotiation as follows:
- Separate the people from the problem;
- Focus on interests, not positions;
- Invent options for mutual gain; and
- Insist on objective criteria.
On this note, the principle which matches the description in the task content is; Separate the people from the problem.
Read more on principles Negotiation;
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