________ Refers to a Firm's Resistance to Change the Status

question 5

Multiple Choice

________ refers to a firm's resistance to change the status quo that can set the stage for the firm's subsequent failure.

• A) PESTEL factors
• B) Formalization
• C) Organizational inertia
• D) Centralization

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Foreign Exchange

The global market for trading currencies, enabling the conversion of one currency into another.

U.S. Dollar

The currency unit of the United States, widely used globally in international trade and as a reserve currency.

Foreign Exchange

The exchange of one currency for another or the global market where currencies are traded.