Organizational Learning Is the Process That Enables an Organization to Adapt

question 49

True/False

Organizational learning is the process that enables an organization to adapt to its environment.

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Definitions:

Competitive Price-Taker

A firm in a competitive market that has no ability to influence the price of the product it sells; it must take the market price as given.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Total Cost

The sum of all costs incurred in producing a good or service, including both fixed and variable costs.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.