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:

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered.

Incremental Revenues

Additional income received from a particular action or decision, beyond what would have been received without it.

Direct Material

Raw materials that are directly traceable and allocable to the production of goods or services.

Direct Labor

The cost of wages for workers who are directly involved in producing goods or providing services.