Contingency Theory Postulates That a Firm's Strategy Must to Flexible

question 49

True/False

Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

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Definitions:

Explicitly

Stated clearly and in detail, leaving no room for confusion or ambiguity.

Venture Capitalists

Investors who provide capital to start-ups and early-stage companies with potential for high growth, typically in exchange for equity.

Startup

An entrepreneurial venture typically in the early stages of operations, often innovation-driven and aiming to meet a marketplace need by developing a viable business model around a product, service, process, or platform.

Lemon

In economic terms, refers to a product, especially a used car, that is found to be defective only after it has been bought.