In Contingency Theory What Does the Anagram SARFIT Represent

question 13

Multiple Choice

In contingency theory what does the anagram SARFIT represent?

• A)Structural Adjustment to Regain Fit
• B)Structural Analysis to Remove Fat
• C)Structural Adjustment to Regain Form
• D)So Another Really Futile Theory

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Definitions:

Oligopolies

Market structures characterized by a small number of firms controlling a large majority of the market share and having significant impact on prices and production.

Pure Monopolies

Market structures characterized by a single seller that faces no competition, typically due to high barriers to entry.

Socially Desirable

Refers to actions or policies that are considered beneficial to the wider community or society as a whole.