The Modern Organization Is Characterized by

question 3

Multiple Choice

The modern organization is characterized by

• A) a reversal of roles between leaders and followers.
• B) an overthrow of authority by leaders.
• C) competition between leaders and followers.
• D) collaboration between leaders and followers.

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Definitions:

Price-leadership Model

A strategy where the dominant firm in a market sets the price of goods or services, and other firms in the industry follow suit.

Demand Elasticity

Demand Elasticity measures how sensitive the quantity demanded of a good or service is to a change in its price, income levels, or other factors.

Learning Organisations

Continuously change and improve using the lessons of experience.