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Incremental adjustment refers to the gradual and small changes made to improve a process, system, or strategy rather than implementing large, sweeping reforms. This approach allows for easier implementation and reduces the risk associated with significant changes, as it relies on ongoing evaluation and fine-tuning. By focusing on minor modifications, organizations can adapt more effectively to evolving circumstances and feedback, leading to continuous improvement over time.

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1mo ago

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Does marginal decision making involve incremental decisions?

Yes, marginal decision making involves evaluating the additional benefits and costs associated with small, incremental changes in a decision. This approach helps individuals or businesses determine the optimal level of activity by assessing how a slight adjustment will impact overall outcomes. By focusing on these incremental changes, decision-makers can make more informed choices that maximize efficiency and effectiveness.


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