At Which Stage of the Organizational Life Cycles Does Lack

question 43

Multiple Choice

At which stage of the organizational life cycles does lack of flexibility and innovation become the danger to the business?

• A)Adult stage
• B)Birth stage
• C)Maturity stage
• D)Adolescent stage
• E)Youth stage

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Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.

Output

Output refers to the total amount of goods and services produced by a company, industry, or economy within a given period.

Profit-Maximizing Price

The optimal selling price for a product or service that allows a company to achieve the highest possible profit.