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Veseljchak [2.6K]
3 years ago
5

One major role of firms is to manage risk. Consumers do not want to pay for products of unknown quality or where the delivery da

te is questionable. Managers also worry about unexpected changes in supplies or markets. Strategic management seeks to adapt to and benefit from change. For strategists, this ________ is both a challenge and an opportunity.
Business
1 answer:
Sav [38]3 years ago
6 0

Answer:

Uncertainty.

Explanation:

Uncertainty is defined as a state of decision making in which the nature of things are unknown, the extent and magnitude of circumstances are unpredictable and reasonable probabilities cannot be used to determine outcomes.

Uncertainty is a challenge when there is too much uncertainty and business cannot determine outcomes.

However manageable uncertainty can help a business come up with creative decisions that will benefit the business.

You might be interested in
Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​
ollegr [7]

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

In the first case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 1.9%

= 36.84 years

In the second case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 2.2%

= 31.82 years

8 0
2 years ago
Suppose the government increases taxes by ​$11110 billion and the marginal propensity to consume is 0.990. By how will equilibri
Helen [10]

Answer:

- $1,099,890 billion.

Explanation:

Marginal propensity to consume (MPC) = 0.990

Tax multiplier = - MPC ÷ (1 - MPC)

= - 0.990 ÷ (1 - 0.990)

= - 9 9

change in GDP = Change in taxes × Tax multiplier

                         = $11110 × (-99)

                         = - $1,099,890

the minus sign shows a decrease

Hence, the change in equilibrium GDP is - $1,099,890 billion.

5 0
2 years ago
A company has several internal-only, web-based applications on the internal network. Remote employees are allowed to connect to
aalyn [17]

Answer:

The changes to BEST counter the threat presented in this scenario is  Implement NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.

Explanation:

Implementing Network access Control NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.Network Access Control (NAC) is the best reedy that will not alter the existing work schedule in place.

This approach to computer security will unify endpoint security technology such as antivirus, host intrusion prevention, and vulnerability assessment for all users and foster stronger system authentication.

NAC will reinforce and strengthen the network security in order to prevent internal server issues from any contractor or employee henceforth.

7 0
2 years ago
When entrepreneurs bring a new product to market or use a new production method, they are?
Tamiku [17]
Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.
6 0
2 years ago
Over the last year, Eli has been working very hard and his employer has taken notice by giving him a 6% raise in his salary. Dur
ELEN [110]

Answer:

b increased by 2%. 

Explanation:

Increase in real wage = 6% - 4% = 2%

7 0
3 years ago
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