A Successful Daycare Center Continuously Focuses on Actively Developing,finding,and Then

question 122

Multiple Choice

A successful daycare center continuously focuses on actively developing,finding,and then communicating to its employees any new information and approaches related to its business of child care so that workers can modify their behavior to reflect this new knowledge.These types of companies are called _______ organizations.

• A)customer-focused
• B)learning
• C)research
• D)evolving
• E)360-degree

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Definitions:

Maximize Profits

The process of making the highest possible profit from business operations.

Relatively Inelastic

Describes a situation where the demand or supply of a good or service changes minimally in response to changes in price.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as production volume increases.

Marginal Revenue Curve

A graphical representation showing how a firm's revenue changes with each additional unit of output sold, typically declining in perfectly competitive markets.