Kai Is the Vice President of Operations at a Large

question 24

Multiple Choice

Kai is the vice president of operations at a large bakery.He knows that there are ways the bakery can be more efficient and appoints a task force of employees to generate ideas.What organizational change process is he using?

• A) Creating a sense of urgency
• B) Monitoring and assessing
• C) Mobilizing change
• D) Reinforcing a new way of doing things
• E) Communications a shared vision

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Definitions:

Equilibrium Price

A price where the supplied goods quantity is identical to the demanded goods quantity.

Law Of Demand

An increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Excess Supply

The situation in which the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at a given price, often leading to a decrease in prices.