When a Business Firm Faces an Uncertain and Unstable Environment

question 31

True/False

When a business firm faces an uncertain and unstable environment, it needs a highly flexible structure.

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Definitions:

Future Obligation

A commitment or responsibility to incur a cost or expenditure at a future date.

Vendor

An individual or business that supplies goods or services to another entity, often within a supply chain.

Products or Services

Refers to the goods that are manufactured and sold or the tasks that are performed by a business in exchange for money.

Individual

Refers to a single human being as separate from a group, class, or family.