A firm may change its strategy as a response to a change in the environment.

Name: A firm may change its strategy as a response to a change in the environment.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

A firm may need to adapt and change its strategy in response to changes in the competitive environment, customer needs and preferences, technological advancements, regulation changes, among other factors. This allows the firm to remain competitive and relevant in its industry.

A Firm May Change Its Strategy as a Response to a Change