Which Approach Should Be Used to Change Implementation When a Real

question 55

Multiple Choice

Which approach should be used to change implementation when a real crisis exists?

• A) Education
• B) Participation
• C) Coercion
• D) Top management support
• E) None of these

---

Definitions:

Competitive Industry

A competitive industry is one where numerous producers compete with each other to satisfy the needs and wants of consumers, characterized by free entry and exit and a high level of innovation.

Market Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specific time period.

Market Equilibrium

A condition in a market where supply equals demand, resulting in stable prices that neither increase nor decrease.

Competitive Industry

An economic environment where multiple businesses compete against one another, fostering innovation and efficiency to attract customers.