The Four Kinds of Structural Organizational Change Enabled by IT

question 10

Multiple Choice

The four kinds of structural organizational change enabled by IT, in order from least to most risky, are

• A) rationalization, automation, reengineering, and redesigning.
• B) rationalization, automation, reengineering, and paradigm shift.
• C) automation, rationalization, reengineering, and paradigm shift.
• D) automation, redesigning, restructuring, and paradigm shift.

Understand how changes in consumer income affect demand for goods.

Identify the factors that lead to increases or decreases in market demand.

Comprehend how expectations about future prices affect current demand.

Understand the law of supply and its effect on production levels as prices change.

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Definitions:

Complete Delivery

The successful delivery of all items or components of an order to the customer as expected.

Honest Pricing

A pricing strategy that openly displays the true cost of goods or services without hidden fees or misleading discounts.

Replenishment Time

The duration required to refill inventory or stock, from the moment an order is placed until its receipt and readiness for sale or use.

Lead Time

The amount of time that elapses between the initiation of a process and its completion. In supply chain management, it often refers to the time from placing an order to its delivery.