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Scenario A. Use the information given below to answer the questions that follow. Your organization is at a critical growth stage with regard to its technology. A team of three people have been assigned specific jobs by the chief technology officer. The assignments are: • Study the key technologies on which an organization depends and their competitive value. • Look at other companies that are successful and identify ways in which your organization can emulate the practices of the other companies. • Find out what is new in the industry. Be an "industry detective"-everything from reading up on industry reports to attending meetings and listening closely to what people are talking about.
-Based on the scenario, the first assignment is an example of:
Economic Profit
The disparity between what a company earns in total and what it spends, counting both direct and indirect costs.
Self-Interest
The motivation driving individuals to pursue their own benefits or advantages, often considered a fundamental economic assumption.
Guiding Function Of Prices
The role of prices in signaling to both buyers and sellers about the relative scarcity or abundance of goods and services, thus guiding their economic decisions.
System Accommodate Change
A system's ability to adjust or adapt to changes in its environment or operations, ensuring continued functionality or efficiency.
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