Two Main Components That Determine Environmental Uncertainty Include the Amount

question 71

True/False

Two main components that determine environmental uncertainty include the amount and rate of change in an organization's environment, as well as the degree of complexity.

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Definitions:

Horizontal Integration

A strategy where a company acquires or merges with other companies at the same stage of production in its industry, seeking to increase market share.

Market Diversification

The strategy of entering into new markets or creating new products to reduce reliance on a single market or product line.

Synergy

The combined effect of two or more individuals, entities, or factors that is greater than the sum of their separate effects.

Indemnity

A contractual obligation of one party to compensate the loss incurred by the other party due to the acts of the indemnitor or other specified causes.