___________ Is the Alteration of Existing Work Routines and Strategies

question 88

Multiple Choice

___________ is the alteration of existing work routines and strategies that affect the whole organization.

• A)Organizational change
• B)Incremental change
• C)Structure change
• D)Discontinuous change

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Definitions:

Patents

Legal documents granted by the government giving an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Innovation Incentives

Mechanisms or policies designed to encourage the development and implementation of new ideas, products, or methodologies.

Monopoly Power

The degree of control a company has over a market, enabling it to set prices or exclude competition.

Production Costs

The total expenses incurred in the manufacturing of a product or the providing of a service, including raw materials, labor, and overheads.