Williamson Is the Owner of a Small Company That Sells

question 86

Multiple Choice

Williamson is the owner of a small company that sells corporate gifts through an online store.Business has slowed down in recent months and he realizes that the organization must move in a different direction if it is to survive.He has reset some of the company's overall goals and wants to develop a plan to achieve those goals.He is anticipating the business environment to be volatile for the next few years.Considering the above information,it can be determined that his plan must be ________.

• A)operational,directional,and rigid
• B)informal,unwritten,and flexible
• C)strategic,general,and operational
• D)strategic,directional,and flexible

---

Definitions:

Aggregate Supply

The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.

Agency

In economics and finance, refers to a relationship where one party, the agent, makes decisions or performs a service on behalf of another, the principal.

Cyclical Unemployment

Unemployment directly related to cycles of economic upturn and downturn.