According to Dess and Beard,what Variables Would You Use to Assess

question 66

Multiple Choice

According to Dess and Beard,what variables would you use to assess the degree of environmental uncertainty?

• A) capacity,demand and supply,and economic growth
• B) global GDP,domestic GDP,and local market conditions
• C) volatility,complexity,and analyzability
• D) volatility,capacity,and complexity

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Definitions:

Oligopolistic Firms

Companies operating in an oligopoly market structure where a small number of firms have significant market power and can influence market prices and decisions.

Interdependence

A situation where entities are dependent on each other, often observed in global economies where countries rely on others for resources, technology, or markets.

Price Takers

Firms or individuals who accept the market price as given and have no influence to alter the price of the good or service they are selling or buying.

Four-firm Concentration Ratio

A measurement that indicates the combined market share of the four largest firms in an industry, used to assess the degree of competition within the market.