Which of the Following Is a Problem-Driven Change Effort That

question 56

Multiple Choice

Which of the following is a problem-driven change effort that occurs under pressure?

• A)Proactive change
• B)Reactive change
• C)Retroactive change
• D)Intrinsic change
• E)Extrinsic change

---

Definitions:

Price Elasticity

A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.

Quantity Supplied

The amount of goods or services that producers are willing and able to sell at a specific price.

Inferior Good

A type of product for which demand decreases as the income of the consumer increases.

Cross Elasticity

Cross elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good, identifying substitute or complementary relationships.