For Options-Based Planning to Work, the Organization Must________

question 103

Multiple Choice

For options-based planning to work, the organization must________ .

• A) have slack resources
• B) use cross-functional teams
• C) have broad spans of management
• D) have tall organizational structures
• E) use decentralization

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, demonstrating the sensitivity of consumers to price changes.

Demand Curve

A demand curve is a graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

More Elastic

Describes a scenario where the quantity demanded or supplied of a good or service is more responsive to changes in its price.

Income Elasticity

A measure used in economics to show how the demand for a good or service changes in response to changes in consumer income.