When a Firm's External Environment Becomes More Turbulent and Unpredictable

question 33

Multiple Choice

When a firm's external environment becomes more turbulent and unpredictable:

• A)Strategy becomes an increasingly important in providing direction for the business
• B)Strategy becomes based upon intuition rather than analysis
• C)Cost cutting becomes a dominant priority
• D)Strategy becomes an impossible exercise

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Definitions:

Leviathan

Often refers to a large, powerful sea creature in biblical literature, or metaphorically to something very large and powerful.

State Of Nature

A concept in political philosophy regarding the hypothetical conditions of human beings before or without political association.

Social Contract

A theory or model that explains the legitimacy of the authority of the state over the individual.

Neoliberalism

An economic and political ideology favoring free-market capitalism, deregulation, and reduction in government spending on social services.