Which of the Following Is the Most Complete Description of Organizational

question 73

Multiple Choice

Which of the following is the most complete description of organizational effectiveness?

• A) the extent to which an organization accomplishes its objectives
• B) overall profitability of an organization or an organizational unit
• C) ability of an organization to produce maximum output with a given input
• D) the extent to which an organization's actions benefit society
• E) the extent to which an organization's resources are used cost-effectively

---

Definitions:

Price Sensitive

Describes consumers or markets that react strongly to changes in prices, where demand can significantly increase or decrease in response to price adjustments.

Introductory Stage

The initial phase in a product's lifecycle, where the focus is on marketing to build product awareness and develop a market for the product.

Growth Stage

The growth stage is a phase in the product life cycle characterized by rapid revenue and sales increases, along with more intense competition.

Maturity Stage

A phase in the product life cycle characterized by slow growth, increased competition, and a focus on retaining market share through differentiation and efficiency.