________ Is a Measure of How Appropriate Organisational Goals Are

question 70

Multiple Choice

________ is a measure of how appropriate organisational goals are and how well an organisation is achieving those goals.

• A)Operational analysis
• B)Competitor analysis
• C)Environmental scanning
• D)Organisational effectiveness
• E)Situational effectiveness

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Definitions:

Marginal Revenue

The surplus revenue acquired from the sale of one more unit of a good or service.

Profit Maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.

Demand Curve

A graphic representation showing how the quantity demanded of a good or service varies with its price.

Marginal Cost

The hike in complete costing that comes with the fabrication of an additional unit of a good or service.