An unstable environment is one in which the number of external elements of the environment that lie in the firm's domain is very large. That means many environmental elements (e.g., customers, vendors, suppliers, investors, unions, policies etc.) can affect the firm but they may not necessarily change frequently. (Hint: The content on Stable-Unstable dimension of external environment may be relevant here) True False

An unstable environment is one in which the number of external elements of the environment that lie in the firm's domain is very large. That means many environmental elements (e.g., customers, vendors, suppliers, investors, unions, policies etc.) can affect the firm but they may not necessarily change frequently. (Hint: The content on Stable-Unstable dimension of external environment may be relevant here) True False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand. Select one: True False
The following are true statements about quality systems except: a. The FDA’s quality systems regulations are highly prescriptive and subject to limited interpretation b. Senior executives have ultimate legal responsibility for the effectiveness of the company’s quality system c. Companies can implement their quality systems in a progressive manner, focusing on those elements most relevant to their stage of growth d. Quality systems can be a source of competitive advantage for a company
As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring the design, development, production, and delivery of the organization's products and services. True € se
If the graph below depicts the operations of the average firm in a perfectly competitive industry, which of the following is most likely to occur? P ATC MC D new firms will enter the market increasing price and profits new firms will enter the market decreasing price and profits existing firms will exit the market increasing price and profits existing firms will exit the market decreasing price and profits none of the above
According to the size effect, smaller companies have lower profits than larger companies. Select one: True False
Risks caused by natural or manmade disasters, and therefore impossible to reliably predict, are called______________ .
Base your response of a company in the following scenario. The firm for this exercise has been surprised by recent events that subjected it to a combination of a cyber attack and an Antifa protest/riot damaging the firm's NYC headquarters. It was unable to immediately respond to the attack, corporate systems were disrupted, the headquarters was sufficiently damaged that the offices were closed for 90 days. The attacks were triggered by the firm's announcement it was upgrading the environmental controls in a manufacturing plant processing talc near Savannah, GA. The firm was changing the process to produce input for other manufacturing process in production of lithium batteries for military use instead of health and beauty products. There has been a long standing issue about the use of talc in baby powder. Why was the firm surprised at the response to its plans? From the perspective of issue management, which major stages in the issue management process and which steps are the most…
Balance the equation. Fill in the blank. If a coefficient is 1, write a 1 (i.e. do not leave it blank). Al2O3 + Al + Fe Fe3O4 =
Despite of the Covid-19 virus that has not completely disappeared in this world, yourcompany is planning to start its operations as usual where all employees are requiredto return working in the office. Your CEO has instructed you, as the company's SafetyOfficer, to come out with an "emergency management plan" specifically to addressCovid-19 related issues in your company. Based on your answer in Question 2(0),proposed a "Covid-19 Emergency Management Plan" for your company. To answerthis question, student is advised to provide detail explanation of what should be donefor EACH element entailed in the Covid-19 emergency management plan.
Threats are current and emerging internal factors that may challenge the company’s performance Select one: True False
If Actual sales are OMR 470000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: O a. MS=100000 and MS (%)=D16 O b. MS=73000 and MS (%)=15.15 O c. MS=70000 and MS (%)=14.89 O d. MS=62000 and MS (%)=13.42