A ______________ Represents a Change in the Organisation's Product or Service

question 71

Multiple Choice

A ______________ represents a change in the organisation's product or service outputs,whereas a ___________ pertains to the organisation's production processes.

• A) technology change; product change
• B) product change; technology change
• C) performance gap; technology change
• D) product change; performance gap
• E) None of these choices.

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Definitions:

Price of Goods

The amount of money required to purchase a particular product or service in the marketplace.

Advancement in Technology

describes improvements in technology that often lead to increased productivity, efficiency, and the creation of new products or processes.

Number of Producers

Refers to the total count or quantity of manufacturers or suppliers of a particular good or service in a market.

Input Prices

The cost of goods, services, and materials that are used to produce other goods or services.