An Evolutionary Approach to Change Is Characterized by All of the Following

question 73

Multiple Choice

An evolutionary approach to change is characterized by all of the following except:

• A)a top- down change strategy.
• B)benefits of making changes outweigh the costs of change.
• C)a bottom- up change strategy.
• D)incremental change to organizational strategy and organizational structure.

Analyze the effects of consumer income changes on demand for goods.

Define and differentiate between capital, labor, and land as factors of production.

Understand the concept of investment in the capital market.

Comprehend the role of households and firms in input and output markets.

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Definitions:

Geographic Segmentation

Segmentation that divides markets into groups such as nations, regions, states, and neighborhoods.

Customer Lifestyles

refers to the way a customer lives, including activities, interests, opinions, and demographic characteristics, and how these factors influence their buying behavior.

Population Shifts

Changes in the size, location, age, or composition of a population over time.

Substantial

Of considerable importance, size, or worth; something that is significant or heavily built.