In the Framework for Assessing Environmental Uncertainty

question 48

Multiple Choice

In the framework for assessing environmental uncertainty:

• A) soft drink bottlers are examples of typical firms in the simple and unstable quadrant.
• B) universities are examples of organizations typically found in the complex and stable quadrant.
• C) electronic firms are typically found in the simple and stable quadrant.
• D) fashion clothing or toy manufacturers would exemplify the complex and unstable quadrant.

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Definitions:

Nominal GDP

The gross domestic product measured in current market prices, without adjustment for inflation.

Real GDP

The total market value of all final goods and services produced in an economy in a year, adjusted for inflation, reflecting the actual economic output.

Changes

Alterations or modifications in conditions, situations, or in the state of affairs.

Prices

The amount of money required to purchase a good or service, reflecting its value in a monetary term.