Table 20-5 $$\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2015 & 207 \\\hline 2016 & 215 \\\hline\end{array}$$

question 284

Multiple Choice

Table 20-5
$$\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2015 & 207 \\\hline 2016 & 215 \\\hline\end{array}$$
-Refer to Table 20-5.Consider the following values of the consumer price index for 2015 and 2016.The inflation rate for 2016 was equal to

• A)215 percent.
• B)21.5 percent.
• C)8.0 percent.
• D)3.9 percent.

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Definitions:

Competitive-Edge Strategies

Tactics and approaches utilized by companies to gain a superior position in the marketplace and outrun their competitors.

Environmental-Change Strategies

are approaches organizations adopt to adjust and thrive in response to changes in the external environmental factors.

Risk-Management Strategies

Approaches and practices for identifying, assessing, and mitigating risks to minimize their impact on an organization.

Uncertainty

A condition of being unsure about something, especially regarding future events or the potential outcomes of actions.