Fluctuating _________________________ Provide Both Challenges and Opportunities to Firms

question 101

Short Answer

Fluctuating _________________________ provide both challenges and opportunities to firms. Companies ignoring these fluctuations could find that their profits eroding during the time lapsed between contract negotiations and the actual product delivery.

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Definitions:

Situational Factors

External influences that affect an individual's behavior, decision-making process, and performance in various contexts.

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Stereotypes

Oversimplified and widely held beliefs about the characteristics of a group of people, often leading to prejudgments and discrimination.