The Probability of Organizational Survival and Growth Declines When ________

question 78

Multiple Choice

The probability of organizational survival and growth declines when ________.

• A)visibility is low
• B)credibility is high
• C)accountability is high
• D)mobility is low
• E)stability is low

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Definitions:

Perfectly Inelastic

A situation in which the quantity demanded or supplied does not change regardless of changes in price.

Purely Competitive

A purely competitive market is characterized by many buyers and sellers, homogeneous products, and no single entity having market control, leading to price determination by supply and demand forces.

Elastic

Refers to the degree to which the demand or supply for a product or service changes in response to a change in price.

Downsloping

Describing a curve or line that moves from a higher to a lower point, often used to illustrate the downward trend in price and quantity relationships in economics.