Which of the Following Is a Proper Dimension of the Framework

question 71

Multiple Choice

Which of the following is a proper dimension of the framework for assessing environmental uncertainty?

• A) Stable-unstable
• B) Loose-tight
• C) Known-unknown
• D) High competitiveness-low competitiveness

---

Definitions:

Income Elasticity

A measure of how the demand for a good or service changes in response to changes in the consumer's income.

Income Elasticity

A measure of how much the demand for a product changes with a change in consumers' income.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income.

Inferior Good

A type of good whose demand decreases when consumer income rises, unlike normal goods for which the opposite is true.