Which of the Following Are the Two Types of Organizational

question 36

Multiple Choice

Which of the following are the two types of organizational learning according to March?

• A)Explorative and structured
• B)Incremental and radical
• C)Exploitative and radical
• D)Explorative and exploitative

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Definitions:

Comparative Advantage Theory

The principle that countries or individuals can benefit from specializing in the production of goods they can produce most efficiently, even if they are not the most efficient producer overall.

Agricultural Goods

Products derived from agriculture, such as crops and livestock, used primarily for food, fiber, and raw materials.

Farmland

Arable land used for the purpose of agricultural crops or livestock.

Comparative Advantage Theory

This theory suggests that countries should specialize in producing and exporting goods in which they have a lower opportunity cost than their trade partners.