A Substantial Increase in the Price of Oranges (A Normal

question 30

Multiple Choice

A substantial increase in the price of oranges (a normal good) is likely to result from:

• A) an increase in the amount of imported oranges.
• B) a prolonged freeze in Florida.
• C) a decline in buyers' incomes.
• D) a decrease in the public's demand for orange juice.

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Definitions:

Organizational Development

A systematic approach to improving the effectiveness, health, and capability of organizations through planned change.

Intrapreneurship

The practice of fostering entrepreneurial behaviors, skills, and attitudes within an existing organization to drive innovation and new business development.

Organization's Structure

The arrangement of roles, responsibilities, and relationships within an organization, determining how it coordinates its activities and distributes authority.

Employee Behavior

The actions and conduct of individuals within an organization, influenced by various internal and external factors.