One of the Reasons for Poor Deployment of Action Plans

question 49

Multiple Choice

One of the reasons for poor deployment of action plans is insufficient operational measures.Which of the following is a feature of this aspect?

• A)New legislative mandates
• B)Dedicating resources to make improvements or changes in those areas that are critical
• C)Lack of changes resulting from new ventures
• D)Insignificant innovations in products, services, and technology

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Definitions:

Utility Consumption

The enjoyment or satisfaction gained by using a good or service.

Factor Markets

Markets where resources, such as labor, capital, and land, are bought and sold.

Resource Allocation

The process of distributing available resources among various projects or business units to maximize the effectiveness and efficiency of utilization.

Perfect Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-takers.