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What Are the Three Basic Strategies for Dealing with Increased

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Essay

What are the three basic strategies for dealing with increased uncertainty with respect to customers, competitors, suppliers, or government regulations?


Definitions:

Common Good

The benefit or interests of all members of a community or society, considered as a guiding principle in public and social policy.

Inequality

The unequal access to resources, opportunities, and rights across different segments of society.

Sociological Perspective

An analytical framework for understanding the social world, focusing on how societal forces influence individuals and groups.

Social Experiences

The interactions and events that an individual undergoes in society, which contribute to their personal development and social identity.

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