An Organization Can Achieve a Competitive Advantage Through Pricing,quality,or Customer

question 176

True/False

An organization can achieve a competitive advantage through pricing,quality,or customer service but not through products or cost efficiency.

Identify and calculate the opportunity cost of various decisions.

Analyze how the marginal analysis framework applies to decision-making.

Explain how government intervention can impact economic efficiency and income distribution.

Evaluate the effects of taxation and government spending on societal welfare.

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Definitions:

Organizational Change

Modifications in the structure, strategies, or processes of an organization aimed at improving effectiveness, adapting to new market conditions, or fostering innovation.

Economic Pressures

The various financial forces or conditions that influence decisions and outcomes in the economy or within individual businesses.

Lay Off

A temporary or permanent dismissal of employees from their jobs, often due to economic downturns or company restructuring.

Conflict in Organizations

Disagreements or disputes between individuals or groups in an organization, often arising from differences in goals, values, or interests.