The Environments in Which Businesses Operate Are Increasingly _____, Requiring

question 166

Multiple Choice

The environments in which businesses operate are increasingly _____, requiring managers to be ready to react and respond to even subtle environmental shifts.

• A) static
• B) universal
• C) constant
• D) dynamic
• E) traditional

---

Definitions:

Profit Margin

The ratio of a company's net income divided by its revenue, indicating how much profit the company makes for each dollar of sales.

Unbundling

The practice of separating out parts of a service or product to sell them individually, often used to offer more transparency and choice to customers.

Seasonal Discount

A price reduction offered on products or services during certain times of the year when demand is predictably lower or higher.

Underpricing

The practice of setting the price of a product or service lower than the market value or cost, often to attract customers or gain market share.