When firm build in Organizational slack they do this in order to ?
Correct answer: D. both options one and three
- A. cope with unforeseen changes
- B. maximize growth.
- C. minimize conflict within the firm
- D. both options one and three
Explanation
Organizational slack gives a firm a cushion to absorb unforeseen changes and reduces internal conflict by allowing different groups some flexibility in pursuing objectives. Therefore both coping with change and minimizing conflict apply.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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