Which of the Following Statements Is True About Environmental Uncertainty

question 32

Multiple Choice

Which of the following statements is true about environmental uncertainty?

• A)It is most likely to be low when resource scarcity is high.
• B)It is most likely to be high when environmental change is extensive.
• C)It is most likely high when environmental complexity is low.
• D)It is most likely high when the external environmental is at the equilibrium stage.
• E)It is most likely high when the external environment is simple.

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Definitions:

Elasticity of Demand

A measure of how the quantity demanded of a good or service changes in response to a change in its price.

Senior-Citizen Discounts

Reduced prices offered to elderly customers, typically those who have reached a specified age, as a benefit or marketing tool.

Cash Rebates

A refund or discount on the purchase price of a product or service, often used as a promotional tactic by retailers and manufacturers.

Software Upgrade

The process of replacing an existing software with a newer or better version to improve functionality or fix issues.