Once the Organization's Need for Change Has Been Identified and Has

question 37

Multiple Choice

Once the organization's need for change has been identified and has the buy-in from all stakeholders,what is the next step in the change process?

• A)reviewing the need for change
• B)diagnosing what needs to change
• C)planning and preparing for change
• D)implementing and sustaining the change

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one extra unit of a good or service, often used in decision-making about production levels.

Marginal Revenue

The increased earnings obtained from the sale of one extra unit of a product or service.

Total Cost

The total of all costs associated with the creation of products or services, encompassing both fixed and variable expenses.

Marginal Cost

The financial outlay for generating an additional unit of a good or service.