A Number of Factors Affect Uncertainty in the Environment and Therefore

question 3

Multiple Choice

A number of factors affect uncertainty in the environment and therefore strategic planning for an organization: (1) political/legislative changes, (2) technology innovation,and (3) changing ____.

• A) trends
• B) customer demand
• C) organizational policy
• D) cultures

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Definitions:

Population

The entire group of individuals or instances about whom the research is concerned or from which the data is collected.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the quantity of values.

Bell Shaped Distribution

Also known as a normal distribution, it is a probability distribution that has a symmetrical bell-shaped graph, indicating that most of the data points are concentrated around the mean.

Supply And Demand

Fundamental economic principles that describe the relationship between the availability of a product or service (supply) and the desire of potential buyers (demand).