In the Long-Run,the Firm Can Only Expand Output by Adding

question 6

True/False

In the long-run,the firm can only expand output by adding more variable inputs (workers and raw materials).

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Definitions:

Internal Force

Forces within an organization that cause it to change, such as innovation, organizational culture, and employee behavior.

Organizational Restructuring

The process of changing an organization's structure, strategies, or processes to improve efficiency, productivity, or adapt to new challenges.

Unfreezing

The process in Lewin's change management model where existing behaviors or attitudes are challenged to prepare for change.

Lewin's Basic Change Model

A model of change management proposing three steps: unfreezing, changing, and refreezing, to facilitate and solidify change within an organization.