________ Is the Ability to Recognize Major External Environmental Changes

question 30

Multiple Choice

________ is the ability to recognize major external environmental changes, to quickly commit resources, and to recognize when a strategic decision is not working?

• A) Strategic management
• B) Strategic flexibility
• C) Competitive advantage
• D) An opportunity

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Definitions:

Farm Employment

Work or labor performed in agricultural sectors, including growing crops and raising livestock.

Total Employment

The total number of individuals currently employed in an economy, including both full-time and part-time workers.

Farm Productivity

The measure of output (usually in terms of yield or economic value) produced per unit of input (such as labor, land, or capital) in agricultural activities.

Nonfarm Sectors

Industries and activities not directly involved in agriculture, farming, or the raising of animals.