What Are the Two Main Factors Which Determine Environmental Uncertainty

question 94

Essay

What are the two main factors which determine environmental uncertainty? Discuss how various combinations of these factors can result in four levels of uncertainty.Give examples of industries which depict each level of uncertainty.

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Definitions:

Recreation

Activities undertaken for enjoyment, leisure, and relaxation, typically during one's free time.

Student

A student is an individual who is engaged in learning, especially one who is enrolled in a school or educational institution.

Guitarist

A musician who plays the guitar, a stringed musical instrument.

Recreational Activities

Activities performed for enjoyment, amusement, or pleasure during one's leisure time.