Organizations Must Change in Response to Which of the Following

question 51

Multiple Choice

Organizations must change in response to which of the following?

• A) changing customer preferences
• B) changing labor markets
• C) changing economic environments
• D) all of these

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Definitions:

Factor Weighting Model

A decision-making model used to evaluate multiple alternatives based on various criteria, assigning different weights to each factor based on its importance.

Subjectivity

The influence of personal feelings, tastes, or opinions in decision-making or perception.

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain or business process.

Bullwhip Measure

Refers to the calculation of the variation in demand and inventory levels within a supply chain, illustrating how slight changes in consumer demand can lead to larger variances in orders placed upstream.