Answer:
D) declaring victory too soon
Explanation:
John Kotter in this theory of leadership explains the concept and importance of change. He basically believes that the company shall be currently functional.
By the term currently functional he means that the company shall be updated and working on with the current market trend. This means the company shall not be resistant to change and that the management shall take a note of it.
Further in the moving scenario there is no freezing point - the company shall constantly work on the new things which it can improve and excel.
Thus, final confirmation cannot be made soon as towards the change made.
Answer:
the general welfare will be the sum of consumer surplus and producer surplus.
Explanation:
The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.
Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.
Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.
Thus, the general welfare will be the sum of consumer surplus and producer surplus.
Answer:
Until Marginal Revenue = Marginal Cost
Explanation:
In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.
One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
<h3>What is cost savings?</h3>
Cost savings are benefit that are derived from a production process.
They are generated from actions that reduce the overall spending on production or assets.
This has a positive impact on the company's account.
A new products is likely to run on a low budget compares other products with many competitors.
Therefore, One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
Learn more on cost savings here,
brainly.com/question/738615
