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Mitigating Circumstances May Include: ​

question 23

Multiple Choice

Mitigating circumstances may include: ​

Recognize the significance of resistance to change as feedback for improving change initiatives.
Identify various approaches to implementing change and their relative effectiveness.
Understand the impact of organizational culture and diversity on change management.
Comprehend the benefits and limitations of different change strategies including force-coercion and shared power.

Definitions:

Market Demand

The combined volume of a good or service that consumers in a marketplace are ready and capable of buying at assorted prices.

Marginal Cost

The funding necessary to manufacture an extra unit of a good or service.

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the quantity of output produced.

Market Price

The going rate at which a product or service is available for buying or selling in a particular market.

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