The First Step in Bringing About Planned Change in a Society

question 26

Multiple Choice

The first step in bringing about planned change in a society is to:

• A) determine which cultural factors conflict with an innovation.
• B) create a resistance to the cultural factor hindering acceptance.
• C) wait for eventual cultural changes that prove the value of the innovation to the culture.
• D) market products similar to ones already on the market.
• E) Introduce a product or service and simply hope for the best.

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Definitions:

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.

Shoeleather Costs

The resources wasted when inflation encourages people to reduce their money holdings.

Money Holdings

The amount of cash or liquid assets that a person or entity possesses at any given time.

Money Supply

The whole amount of money resources available in an economy at a given interval.