If the Components of an Organization's Environment Change Frequently, the Organization

question 37

Multiple Choice

If the components of an organization's environment change frequently, the organization is operating in a ________ environment.

• A) stable
• B) secure
• C) dynamic
• D) constant

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Definitions:

Discount Stores

Retail outlets that sell products at prices lower than those asked by traditional retail stores, often through selling in bulk or reducing overhead costs.

Low-Cost

A pricing strategy or characteristic indicating that something is relatively inexpensive or cheaper than alternatives.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Attracting New Buyers

The strategies and practices employed by businesses to appeal to and engage individuals or entities that have not previously purchased their products or services.