Since All Crises Cannot Be Anticipated,it Is Not Important That

question 21

True/False

Since all crises cannot be anticipated,it is not important that a retailer establish contingency plans for major potential crises.

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Definitions:

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking on the internet.

Systems Theory

A theoretical framework that analyses complex phenomena as systems of interrelated components, emphasizing whole-system behaviors rather than the properties of individual parts.

Theory of Relativity

A fundamental principle formulated by Albert Einstein that describes the laws of physics as the same for all non-accelerating observers and the speed of light within a vacuum as the same no matter the speed at which an observer travels.

Industrial Psychology

A field of psychology that applies psychological theories and principles to organizations and the workplace environment.