It Is Critical in Change Management to Understand That the Real

question 66

True/False

It is critical in change management to understand that the real costs and benefits are far more important than the perceived costs and benefits, because people act on what is true, not on what they believe to be true.

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Definitions:

Economic Profits

The difference between a firm's total revenue and its total expenses, including both explicit and implicit costs.

Product Price

The amount of money required to purchase a specific product or service.

Production Capacity

The maximum output that a business can produce in a given period under normal conditions.

Consumers' Desire

The inclination or preference of consumers towards certain goods, services, or experiences.