Force Field Analysis Is a Useful Tool for Evaluating a Large

question 5

True/False

Force field analysis is a useful tool for evaluating a large number of interrelated forces and tracking their likely effects in the future.

---

Definitions:

Equilibrium

The point at which the quantity of a product or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Market Equilibrium

The condition in which a market's supply and demand balance each other, and as a result, prices become stable.

Consumer Surplus

The gap between the aggregate sum consumers can and are willing to spend on a good or service versus the amount they really spend.

Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices and quantities.