The Type of Strategic Change That Can Be Planned Carefully

question 48

Multiple Choice

The type of strategic change that can be planned carefully and implemented gradually is ______________ change.

• A) radical anticipatory
• B) incremental anticipatory
• C) radical reactive
• D) incremental reactive
• E) dysfunctional

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Definitions:

Rational Individuals

The concept that individuals make decisions based on the maximization of their utility or benefit, taking into consideration all available information and factors.

Preferences

The individual tastes and choices made by consumers in regard to different goods and services.

Macroeconomics

The part of economics concerned with the performance and behavior of the economy as a whole. Focuses on economic growth, the business cycle, interest rates, inflation, and the behavior of major economic aggregates such as the household, business, and government sectors.

Microeconomics

The part of economics concerned with (1) decision making by individual units such as a household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.