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Figure 3-8
-Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S1 (point A) . If there is an increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples, the equilibrium could move to which point?
Unfreezing Stage
The initial phase in the change process where individuals or organizations become aware of the need for change, preparing them to move from their current way of doing things.
Organizational Change
Refers to the processes in which an organization undergoes a transformation, modifying significant aspects of its operations, structure, or culture.
Initial Stage
The beginning phase of a process, project, or development, often characterized by planning, research, and setting objectives.
Organizational Change Efforts
Initiatives undertaken by an organization to improve its performance, adapt to market dynamics, or implement new strategies.
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