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Uncertainty Involves a Situation in Which the Probability of a Certain

question 67

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Uncertainty involves a situation in which the probability of a certain outcome is known to be small.


Definitions:

Available Resources

The assets, both tangible and intangible, that are at an organization’s disposal for use in achieving its objectives.

Geographical Structures

Organizational structures that are based on geographical regions, allowing companies to address local preferences and operations.

Differentiate Products

The process of distinguishing a product or service from others in the market to make it more appealing to a particular target segment.

Various Locations

Multiple places or sites that are distinct from one another.

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