The Shift in Strategy from a Plan to a Direction

question 29

Multiple Choice

The shift in strategy from a plan to a direction leads to

• A)a downgrade its role in management.
• B)an overt reliance on flexibility and responsiveness.
• C)a need for top managers' training.
• D)less work for top managers.

---

Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Total Variable Costs

The sum of expenses that vary directly with the level of production or output, including costs for materials and labor.

Output

The amount of goods or services produced by a business, industry, or economy.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.