Examlex
Which of the following is correct?
Flexibility
The ability of a system or organization to quickly adapt to changes in demand, technology, environments, or internal processes without significant costs or delays.
Uncertainties
Refers to the unpredictability or lack of certainty in events, situations, or outcomes, often affecting decision-making processes especially in supply chain and finance.
Strategic Planning
The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.
Financial Planning
The process of developing strategies to manage finances, including income, expenses, savings, and investments, to achieve financial goals.
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