According to the Text, One Reason Environmental Uncertainty Is a Threat

question 81

Multiple Choice

According to the text, one reason environmental uncertainty is a threat to strategic managers is because

• A) it is a costly and time-consuming process.
• B) it creates a new playing field in which creativity and innovation can play a major part in strategic decisions.
• C) it forces the strategic manager to be more stable.
• D) it hampers their ability to develop long-range plans.
• E) there are too many uncontrollable variables.

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Definitions:

Price

The sum of money anticipated, needed, or handed over in exchange for an item.

Market Demand Curve

A graphical representation that shows the quantity of a good or service that all consumers in a market are willing and able to purchase at different prices.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price, within a specific time period.

Price

The financial quantity seen as necessary, expected, or provided in return for something.