Flexibility is only valuable when the decision-making setting a firm is facing is uncertain.

Name: Flexibility is only valuable when the decision-making setting a firm is facing is uncertain.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Flexibility becomes valuable when a firm is facing uncertainty because it allows the firm to adapt to changes and respond quickly to unexpected events. In a stable and predictable setting, there is less need for flexibility as there are fewer external factors influencing decision-making.

Flexibility Is Only Valuable When the Decision-Making Setting a Firm