________ refers to how costly it is for a firm to alter its strategic and organizational decisions.
A) Flexibility
B) Dynamic capability
C) Opportunism
D) Uncertainty

Question

Quizplus · Accepted Answer

Flexibility refers to a firm's ability to make changes to its strategic and organizational decisions in response to changing market conditions or other external factors. A high level of flexibility can be advantageous in a dynamic business environment, as it allows the firm to adapt to new challenges and opportunities quickly. However, if a firm's decisions are very costly to alter, it may be less flexible and able to respond effectively to changes in the market. Therefore, flexibility is the best choice that describes how costly it is for a firm to alter its strategic and organizational decisions.

________ Refers to How Costly It Is for a Firm