Senge Coined the Term 'Learning Organisation' to Reflect

question 20

Multiple Choice

Senge coined the term 'learning organisation' to reflect:

• A)on how decisions can lead to actions and new learning follows
• B)the strategic value of seeing underlying learning as a core competence
• C)on how learning leads to knowledge and prevents repeating future mistakes
• D)the importance of learning ability in organisational adaptability and ongoing success

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Definitions:

Quantity Demanded

The total amount of a product or service that consumers are willing and able to purchase at a given price.

Substitute Good

A product or service that consumers can use in place of another product or service, fulfilling a similar need or want.

Complementary

Referring to goods or services that enhance or add value to each other when used or consumed together.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.