A Characteristic of Innovative Organizations Is

question 61

Multiple Choice

A characteristic of innovative organizations is

• A)process value analysis.
• B)short tenure in managers.
• C)high interunit communication.
• D)low interunit communication.
• E)re-engineering efforts.

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Definitions:

Downsloping

Describes a downward trend or inclination, often used in economics to describe a decrease in the price of a good leading to an increase in demand.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good to one of its determinants, like price or income.

Marginal Revenue Curve

A graphical representation showing how much additional revenue a firm will make from selling one more unit of a product or service.

Relatively Elastic

Refers to a scenario in which the demand or supply for a product or service greatly alters due to variations in its price.