Discuss Why People Resist Change Due to the Fear of Losing

question 65

Essay

Discuss why people resist change due to the fear of losing possessions.Include an example to support your answer.

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Definitions:

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.

Expenses

Outflows or using up of assets as part of operations of a business to generate revenue.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating how much revenue contributes toward covering fixed costs and generating profit.

Sales

The total revenue generated from selling goods or services over a specific period of time.