What Are the Three Basic Strategies for Dealing with Increased

question 29

Essay

What are the three basic strategies for dealing with increased uncertainty with respect to customers, competitors, suppliers, or government regulations?

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Definitions:

Compensatory Damages

Monetary compensation awarded to a plaintiff to offset losses or injuries that have been incurred due to the defendant's actions.

Breaches

Violations or failures to perform as required or promised in a contract or agreement.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.

Breach

The violation or non-fulfillment of a legal obligation, contract, duty, or standard.