________ Is the Ability to Recognize Major External Changes, to Quickly

question 84

Multiple Choice

________ is the ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision is not working.

• A) Strategic apprenticeship
• B) Strategic flexibility
• C) Strategic leadership
• D) Strategic management

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Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, essentially summarizing the demand side of the economy.

Policies

Guiding principles or courses of action adopted by an organization, government, or individual to achieve certain goals.

Stagflation

A situation in the economy where inflation and unemployment rates are high simultaneously.

Keynesian Demand Management

A strategy based on Keynesian economics that entails adjusting the level of demand in the economy through monetary and fiscal policy to manage economic cycles.