The Controllable Elements Can Be Altered in the Long Run

question 34

True/False

The controllable elements can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consumer tastes, or corporate objectives.

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Definitions:

Practices

Routinely followed procedures or habits in personal or institutional activities.

Culture

A complex system of beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another.

Adapt

The process of adjusting or changing in response to new conditions or environments.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.