Which of the Following Best Defines Results-Driven Change

question 68

Multiple Choice

Which of the following best defines results-driven change?

• A) It is the change created quickly by focusing on the measurement and improvement of outcomes.
• B) It is the change based on incremental improvements to a dominant technological design such that the improved technology is fully backward compatible with the older technology.
• C) It is the phase of a technology cycle characterized by technological substitution and design competition.
• D) It is the phase of a technology cycle in which companies innovate by lowering costs and improving the functioning and performance of the dominant technological design.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Price of Apple

The cost at which an apple, as a fruit or as a company's stock (Apple Inc.), can be purchased, depending on context.

Price of Orange

Refers to the cost to purchase a single unit or a specified amount of oranges in a given market.

Substitution Effect

The economic principle that as prices rise or income decreases, consumers replace more expensive items with less costly alternatives.