Which of the Following Is an Example of a Strategic

question 72

Multiple Choice

Which of the following is an example of a strategic risk?

• A)A new product fails as it does not meet a specific need or purpose of an organization.
• B)A new product is unsuccessful owing to its inability to meet market needs because customers' needs have changed.
• C)A new product does not take off as it is not in pace with the evolution of technology.
• D)A new product fails to deliver as it has not been developed within a desired time and budget.

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Definitions:

Point A

In the context of graphs or models, a specific point that might denote a specific situation or condition in an analysis or illustration.

Point D

A specific point on a graph or in a dataset, often used in economics to denote either an equilibrium point or a point of interest in a graphical analysis.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.

Positive Economics

The branch of economics that concerns the description and explanation of economic phenomena.