BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Environmental Turbulence
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Environmental Munificence
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Environmental Dynamism
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Environmental Volatility
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Detailed explanation-1: -Environmental changes have to do with changes caused by the variation in the occurrences of some climatic factors; rainfall, temperature, light wind: biotic factors; predators, parasites, soil micro-organism, pest and diseases: and edaphic factors; soil pH, soil texture, soil structure etc.
Detailed explanation-2: -The correct answer is C) environmental uncertainty. Reason: The external environment of a company keeps changing over time. This circumstance is highly complex and variable too. The magnitude of complicacy and change inside an organization’s external environment is known as environmental uncertainty.
Detailed explanation-3: -Environmental factors include temperature, food, pollutants, population density, sound, light, and parasites.
Detailed explanation-4: -For purposes of strategic planning, an environment is dynamic in nature if it is affected by a variety of factors, such as technological, socio-economic, governmental, legal, and competitive and supply chain events. The more readily that any of these factors change, the more dynamic the company’s operating environment.