Organizational Change Has Occurred in a Company in Response to New

question 46

Multiple Choice

Organizational change has occurred in a company in response to new leadership directives and different strategic plans.What level of development is creating this change?

• A)industrial level
• B)firm level
• C)individual level
• D)societal level

---

Definitions:

Obsolescence

The process by which a product, service, or technology becomes outdated or no longer useful due to advancements or changes in consumer preferences.

Market Share

A particular company or product's hold on a market segment, commonly quantified by its percentage of the market's total sales.

Introduction Phase

The first stage in a product's life cycle, marked by its launch into the market, initial promotion, and efforts to attract customers.

Retail Life Cycle

The process that retail formats go through, encompassing introduction, growth, maturity, and decline stages.