Which of the Following Areas Do OD Practitioners Need to Be

question 21

Multiple Choice

Which of the following areas do OD practitioners need to be familiar with to carry out strategic change?

• A) competitive strategy
• B) finance
• C) marketing
• D) team building
• E) all of the above

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service.

Producer Surplus

The differentiation between the amount at which producers are content to sell a good or service and their actual revenue.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable through market means, often due to market failures or intervention.

Demand Curve

A visual display that illustrates the connection between a product's price and the amount consumers want to buy over a specified time frame.