Examlex
A firm minimizes its profits when marginal costs equal marginal revenues.
Planned Change
A deliberate effort to modify processes, strategies, or structures within an organization to improve effectiveness.
Open Systems
A perspective in systems theory where any system continuously interacts with its environment and can adapt and evolve with changes.
Action Research
A participatory research method that involves taking action and reflecting upon the results to improve practices or address problems.
Client-Consultant Relationship
The professional interaction and dynamic between a consultant and their client, focusing on achieving specific objectives through advice and solutions.
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