The Term "Demand" Refers to

question 230

Multiple Choice

The term "demand" refers to

• A) the stock exchange.
• B) the willingness and ability of buyers to purchase a product or service.
• C) the willingness and ability of businesses to sell a product or service.
• D) the willingness of buyers to accept high prices for high quality goods.
• E) the willingness of government to sell goods and services.

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Definitions:

Bureaucratic Features

Characteristics or aspects that define the structured and hierarchical nature of formal organizations.

Employee Participation

The involvement of employees in decision-making processes and aspects of organizational life beyond their immediate job roles.

Empowerment

The process of giving individuals or groups more control, authority, and influence over their work and the decision-making process, leading to increased motivation and engagement.

Matrix Organisations

An organizational structure that combines two or more types of structures, typically functional and product-based, to leverage the benefits of both.