Briefly Explain Why Achievement-Oriented Leadership Seeks Continuous Improvement

question 21

Essay

Briefly explain why achievement-oriented leadership seeks continuous improvement.Provide an example from your own life when you have seen the benefits of seeking for continuous improvement in an organization.What was the outcome of these efforts?

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Definitions:

Marginal Cost

The swell in aggregate expenditure tied to the creation of an extra unit of a product or service.

Average Variable Cost

The variable cost (cost that changes with production volume) per unit of output, calculated by dividing total variable costs by the number of units produced.

Profit-Maximizing Level

The point of operation where a business can achieve the highest profit, typically determined by analyzing costs and revenue.

Price

The financial expectation, obligation, or contribution made in payment for something.